MFS High Yield Municipal Trust (NYSE:CMU) Short Interest Update

MFS High Yield Municipal Trust (NYSE:CMU) was the recipient of a significant drop in short interest in February. As of February 28th, there was short interest totalling 232,400 shares, a drop of 18.7% from the February 13th total of 285,800 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 58,100 shares, the short-interest ratio is presently 4.0 days.

Hedge Funds Weigh In On MFS High Yield Municipal Trust

Institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new position in shares of MFS High Yield Municipal Trust in the third quarter worth approximately $37,000. Atria Wealth Solutions Inc. grew its position in MFS High Yield Municipal Trust by 82.3% during the 4th quarter. Atria Wealth Solutions Inc. now owns 36,835 shares of the company’s stock worth $130,000 after purchasing an additional 16,633 shares in the last quarter. Noble Wealth Management PBC acquired a new stake in MFS High Yield Municipal Trust during the 4th quarter valued at $71,000. Bank of New York Mellon Corp boosted its position in shares of MFS High Yield Municipal Trust by 13.8% in the fourth quarter. Bank of New York Mellon Corp now owns 217,416 shares of the company’s stock worth $765,000 after buying an additional 26,395 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of MFS High Yield Municipal Trust during the fourth quarter valued at $166,000. Hedge funds and other institutional investors own 32.39% of the company’s stock.

MFS High Yield Municipal Trust Price Performance

Shares of NYSE CMU traded down $0.03 during trading on Tuesday, hitting $3.53. The company had a trading volume of 24,120 shares, compared to its average volume of 52,089. The business’s 50-day moving average is $3.55 and its 200 day moving average is $3.58. MFS High Yield Municipal Trust has a 52 week low of $3.20 and a 52 week high of $3.70.

MFS High Yield Municipal Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.0145 per share. This represents a $0.17 annualized dividend and a dividend yield of 4.94%. The ex-dividend date is Tuesday, March 18th.

About MFS High Yield Municipal Trust

MFS High Yield Municipal Trust 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.