Short Interest in MFS High Income Municipal Trust (NYSE:CXE) Rises By 514.9%

MFS High Income Municipal Trust (NYSE:CXE) was the target of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 41,200 shares, a growth of 514.9% from the January 31st total of 6,700 shares. Based on an average daily volume of 95,800 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On MFS High Income Municipal Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CXE. HighTower Advisors LLC boosted its position in shares of MFS High Income Municipal Trust by 30.5% during the 3rd quarter. HighTower Advisors LLC now owns 19,138 shares of the company’s stock worth $77,000 after acquiring an additional 4,468 shares in the last quarter. Horizon Kinetics Asset Management LLC grew its position in MFS High Income Municipal Trust by 28.7% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 35,414 shares of the company’s stock worth $142,000 after acquiring an additional 7,900 shares during the last quarter. Whitebox Advisors LLC increased its holdings in MFS High Income Municipal Trust by 9.9% in the 3rd quarter. Whitebox Advisors LLC now owns 116,625 shares of the company’s stock worth $467,000 after purchasing an additional 10,475 shares in the last quarter. Sit Investment Associates Inc. raised its position in MFS High Income Municipal Trust by 1.9% in the fourth quarter. Sit Investment Associates Inc. now owns 620,203 shares of the company’s stock valued at $2,282,000 after purchasing an additional 11,405 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of MFS High Income Municipal Trust during the fourth quarter valued at about $43,000. 34.37% of the stock is owned by institutional investors and hedge funds.

MFS High Income Municipal Trust Stock Performance

NYSE CXE traded up $0.01 on Friday, reaching $3.83. The stock had a trading volume of 35,090 shares, compared to its average volume of 88,063. MFS High Income Municipal Trust has a 1-year low of $3.46 and a 1-year high of $4.03. The firm has a fifty day moving average of $3.72 and a two-hundred day moving average of $3.81.

MFS High Income Municipal Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a $0.016 dividend. This represents a $0.19 annualized dividend and a dividend yield of 5.02%. The ex-dividend date is Tuesday, February 18th.

MFS High Income Municipal Trust Company Profile

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.