MFS High Income Municipal Trust (NYSE:CXE) Short Interest Down 5.3% in December

MFS High Income Municipal Trust (NYSE:CXE) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 17,900 shares, a drop of 5.3% from the December 15th total of 18,900 shares. Based on an average trading volume of 96,200 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC purchased a new stake in MFS High Income Municipal Trust in the 2nd quarter worth about $43,000. HighTower Advisors LLC increased its holdings in shares of MFS High Income Municipal Trust by 30.5% in the 3rd quarter. HighTower Advisors LLC now owns 19,138 shares of the company’s stock valued at $77,000 after purchasing an additional 4,468 shares during the period. Horizon Kinetics Asset Management LLC lifted its position in shares of MFS High Income Municipal Trust by 28.7% in the third quarter. Horizon Kinetics Asset Management LLC now owns 35,414 shares of the company’s stock worth $142,000 after purchasing an additional 7,900 shares in the last quarter. Capital Investment Advisors LLC boosted its holdings in shares of MFS High Income Municipal Trust by 4.9% during the third quarter. Capital Investment Advisors LLC now owns 67,126 shares of the company’s stock worth $269,000 after purchasing an additional 3,126 shares during the period. Finally, Wolverine Asset Management LLC grew its position in MFS High Income Municipal Trust by 54.9% during the third quarter. Wolverine Asset Management LLC now owns 79,006 shares of the company’s stock valued at $316,000 after purchasing an additional 27,994 shares in the last quarter. Hedge funds and other institutional investors own 34.37% of the company’s stock.

MFS High Income Municipal Trust Stock Performance

Shares of NYSE:CXE opened at $3.74 on Monday. The firm has a 50 day simple moving average of $3.75 and a 200 day simple moving average of $3.81. MFS High Income Municipal Trust has a 52 week low of $3.46 and a 52 week high of $4.03.

MFS High Income Municipal Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th will be issued a $0.016 dividend. The ex-dividend date of this dividend is Tuesday, January 14th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 5.14%.

About MFS High Income Municipal Trust

MFS High Income Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets. It primarily invests in municipal bonds and local general obligations of various sectors, such as multifamily, hospitals, care retirement, and investor-owned utilities.