Short Interest in MFS Intermediate High Income Fund (NYSE:CIF) Declines By 15.7%

MFS Intermediate High Income Fund (NYSE:CIF) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 27,300 shares, a decrease of 15.7% from the March 15th total of 32,400 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 122,700 shares, the short-interest ratio is currently 0.2 days.

MFS Intermediate High Income Fund Price Performance

CIF stock opened at $1.63 on Wednesday. The firm has a fifty day moving average price of $1.68 and a 200 day moving average price of $1.72. MFS Intermediate High Income Fund has a fifty-two week low of $1.52 and a fifty-two week high of $1.83.

MFS Intermediate High Income Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a $0.0145 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 10.70%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. L.M. Kohn & Company purchased a new stake in MFS Intermediate High Income Fund during the first quarter valued at approximately $27,000. Jane Street Group LLC purchased a new stake in MFS Intermediate High Income Fund during the 3rd quarter valued at $36,000. Apollon Wealth Management LLC bought a new stake in MFS Intermediate High Income Fund in the fourth quarter worth $66,000. Finally, Sit Investment Associates Inc. boosted its stake in MFS Intermediate High Income Fund by 82.3% during the fourth quarter. Sit Investment Associates Inc. now owns 1,082,086 shares of the company’s stock worth $1,872,000 after buying an additional 488,365 shares during the period. Institutional investors own 6.85% of the company’s stock.

About MFS Intermediate High Income Fund

MFS Intermediate High Income Fund is a closed 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 high income debt instruments. The fund benchmarks the performance of its portfolio against Barclays U.S.