MFS High Income Municipal Trust (NYSE:CXE) Short Interest Up 514.9% in February

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

Institutional Investors Weigh In On MFS High Income Municipal Trust

Large investors have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC increased its position in shares of MFS High Income Municipal Trust by 54.9% during the 3rd 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 during the last quarter. Horizon Kinetics Asset Management LLC raised its position in MFS High Income Municipal Trust by 28.7% in the 3rd 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 during the period. HighTower Advisors LLC lifted its stake in MFS High Income Municipal Trust by 30.5% in the third quarter. HighTower Advisors LLC now owns 19,138 shares of the company’s stock worth $77,000 after purchasing an additional 4,468 shares during the last quarter. Whitebox Advisors LLC boosted its position in MFS High Income Municipal Trust by 9.9% during the third quarter. Whitebox Advisors LLC now owns 116,625 shares of the company’s stock valued at $467,000 after buying an additional 10,475 shares during the period. Finally, Melfa Wealth Management Inc. grew its stake in shares of MFS High Income Municipal Trust by 13.0% during the fourth quarter. Melfa Wealth Management Inc. now owns 150,188 shares of the company’s stock valued at $553,000 after buying an additional 17,295 shares during the last quarter. Hedge funds and other institutional investors own 34.37% of the company’s stock.

MFS High Income Municipal Trust Price Performance

Shares of NYSE:CXE traded up $0.01 during trading on Friday, reaching $3.83. The company had a trading volume of 35,090 shares, compared to its average volume of 88,063. The company has a fifty day moving average of $3.72 and a two-hundred day moving average of $3.81. MFS High Income Municipal Trust has a 12 month low of $3.46 and a 12 month high of $4.03.

MFS High Income Municipal Trust Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.19 dividend on an annualized basis and a yield of 5.02%.

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.