Short Interest in MFS Investment Grade Municipal Trust (NYSE:CXH) Increases By 136.0%

MFS Investment Grade Municipal Trust (NYSE:CXH) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 53,100 shares, a growth of 136.0% from the October 31st total of 22,500 shares. Based on an average daily volume of 20,400 shares, the days-to-cover ratio is presently 2.6 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Capital Investment Advisors LLC increased its stake in MFS Investment Grade Municipal Trust by 4.2% in the 3rd quarter. Capital Investment Advisors LLC now owns 36,362 shares of the company’s stock worth $299,000 after buying an additional 1,462 shares during the period. Graham Capital Wealth Management LLC purchased a new position in shares of MFS Investment Grade Municipal Trust during the second quarter worth approximately $521,000. Whitebox Advisors LLC bought a new stake in shares of MFS Investment Grade Municipal Trust during the second quarter valued at approximately $384,000. Blue Bell Private Wealth Management LLC grew its stake in MFS Investment Grade Municipal Trust by 233.0% in the second quarter. Blue Bell Private Wealth Management LLC now owns 4,859 shares of the company’s stock worth $38,000 after purchasing an additional 3,400 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in MFS Investment Grade Municipal Trust during the 2nd quarter worth $377,000.

MFS Investment Grade Municipal Trust Trading Up 0.4 %

CXH traded up $0.03 during trading hours on Friday, hitting $8.24. The company’s stock had a trading volume of 18,265 shares, compared to its average volume of 19,852. The business’s 50-day moving average price is $8.15 and its 200-day moving average price is $7.99. MFS Investment Grade Municipal Trust has a 12 month low of $7.18 and a 12 month high of $8.31.

MFS Investment Grade Municipal Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Tuesday, November 12th were issued a $0.0265 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.32 annualized dividend and a dividend yield of 3.86%.

MFS Investment Grade Municipal Trust Company Profile

MFS Investment Grade Municipal is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.