Short Interest in Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Rises By 61.3%

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 10,000 shares, an increase of 61.3% from the January 31st total of 6,200 shares. Based on an average daily trading volume, of 39,600 shares, the short-interest ratio is presently 0.3 days.

Federated Hermes Premier Municipal Income Fund Stock Down 0.6 %

Shares of Federated Hermes Premier Municipal Income Fund stock traded down $0.07 during trading on Monday, hitting $11.27. 28,103 shares of the stock were exchanged, compared to its average volume of 38,343. The stock’s fifty day moving average is $11.06 and its 200 day moving average is $11.53. Federated Hermes Premier Municipal Income Fund has a 12 month low of $10.78 and a 12 month high of $12.53.

Federated Hermes Premier Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 21st will be given a $0.04 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.48 annualized dividend and a yield of 4.26%.

Institutional Trading of Federated Hermes Premier Municipal Income Fund

Hedge funds have recently bought and sold shares of the company. XML Financial LLC grew its position in Federated Hermes Premier Municipal Income Fund by 11.2% in the third quarter. XML Financial LLC now owns 25,830 shares of the company’s stock worth $321,000 after acquiring an additional 2,600 shares in the last quarter. Avior Wealth Management LLC grew its position in Federated Hermes Premier Municipal Income Fund by 50.1% during the third quarter. Avior Wealth Management LLC now owns 5,534 shares of the company’s stock worth $69,000 after buying an additional 1,847 shares in the last quarter. Quarry LP bought a new stake in shares of Federated Hermes Premier Municipal Income Fund during the third quarter valued at approximately $976,000. Riverbridge Partners LLC acquired a new position in shares of Federated Hermes Premier Municipal Income Fund in the 4th quarter valued at $447,000. Finally, Robinson Capital Management LLC acquired a new position in Federated Hermes Premier Municipal Income Fund in the fourth quarter worth about $959,000.

About Federated Hermes Premier Municipal Income Fund

Federated Premier Municipal Income Fund is a closed-ended fixed income mutual fund launched by Federated Investors, Inc The fund is managed by Federated Investment Management Company. It invests in fixed income markets of United States. The fund primarily invests in tax-exempt municipal bonds of GO state, GO local, special tax, hospital, transportation, pre-refunded, senior care, water and sewer, education, electric and gas, and public power sectors.