Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Sees Large Growth in Short Interest

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 12,100 shares, an increase of 51.3% from the December 15th total of 8,000 shares. Based on an average daily volume of 44,000 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Federated Hermes Premier Municipal Income Fund

Several large investors have recently made changes to their positions in FMN. Bank of New York Mellon Corp raised its position in Federated Hermes Premier Municipal Income Fund by 100.1% in the second quarter. Bank of New York Mellon Corp now owns 38,925 shares of the company’s stock valued at $445,000 after purchasing an additional 19,477 shares during the period. Whitebox Advisors LLC grew its stake in shares of Federated Hermes Premier Municipal Income Fund by 142.7% in the second quarter. Whitebox Advisors LLC now owns 95,981 shares of the company’s stock valued at $1,097,000 after buying an additional 56,431 shares in the last quarter. Capital Investment Advisors LLC grew its stake in shares of Federated Hermes Premier Municipal Income Fund by 3.2% in the third quarter. Capital Investment Advisors LLC now owns 32,213 shares of the company’s stock valued at $400,000 after buying an additional 1,013 shares in the last quarter. XML Financial LLC raised its holdings in shares of Federated Hermes Premier Municipal Income Fund by 11.2% in the 3rd quarter. XML Financial LLC now owns 25,830 shares of the company’s stock valued at $321,000 after buying an additional 2,600 shares during the period. Finally, Avior Wealth Management LLC lifted its stake in Federated Hermes Premier Municipal Income Fund by 50.1% during the 3rd quarter. Avior Wealth Management LLC now owns 5,534 shares of the company’s stock worth $69,000 after acquiring an additional 1,847 shares in the last quarter.

Federated Hermes Premier Municipal Income Fund Stock Up 0.3 %

FMN traded up $0.03 on Friday, hitting $11.11. The company had a trading volume of 16,733 shares, compared to its average volume of 52,839. The company’s fifty day moving average price is $11.13 and its 200 day moving average price is $11.61. Federated Hermes Premier Municipal Income Fund has a 1 year low of $10.74 and a 1 year high of $12.53.

Federated Hermes Premier Municipal Income Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 23rd will be paid a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.32%. This is an increase from Federated Hermes Premier Municipal Income Fund’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Thursday, January 23rd.

Federated Hermes Premier Municipal Income Fund Company Profile

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.