Short Interest in MFS High Yield Municipal Trust (NYSE:CMU) Decreases By 18.7%

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CMU. XTX Topco Ltd bought a new position in shares of MFS High Yield Municipal Trust during the third quarter worth approximately $37,000. Atria Wealth Solutions Inc. increased its stake 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 acquiring an additional 16,633 shares during the period. Noble Wealth Management PBC acquired a new stake in shares of MFS High Yield Municipal Trust during the 4th quarter worth $71,000. Bank of New York Mellon Corp lifted its position in MFS High Yield Municipal Trust by 13.8% during the fourth quarter. Bank of New York Mellon Corp now owns 217,416 shares of the company’s stock worth $765,000 after purchasing an additional 26,395 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of MFS High Yield Municipal Trust in the 4th quarter valued at approximately $166,000. 32.39% of the stock is currently owned by institutional investors.

MFS High Yield Municipal Trust Stock Performance

CMU remained flat at $3.52 during mid-day trading on Wednesday. 56,776 shares of the company’s stock traded hands, compared to its average volume of 52,197. The business’s fifty day simple moving average is $3.55 and its two-hundred day simple moving average is $3.58. MFS High Yield Municipal Trust has a 12 month low of $3.20 and a 12 month high of $3.70.

MFS High Yield Municipal Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.0145 per share. This represents a $0.17 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend 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.