Short Interest in Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Rises By 61.3%

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 10,000 shares, an increase of 61.3% from the January 31st total of 6,200 shares. Based on an average trading volume of 39,600 shares, the days-to-cover ratio is presently 0.3 days.

Federated Hermes Premier Municipal Income Fund Stock Performance

Shares of FMN stock traded down $0.07 on Monday, hitting $11.27. The stock had a trading volume of 28,103 shares, compared to its average volume of 38,343. The business has a 50 day moving average of $11.06 and a 200 day moving average of $11.53. Federated Hermes Premier Municipal Income Fund has a 12-month low of $10.78 and a 12-month high of $12.53.

Federated Hermes Premier Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 21st will be paid a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date is Friday, February 21st.

Institutional Trading of Federated Hermes Premier Municipal Income Fund

Hedge funds have recently made changes to their positions in the company. Logan Stone Capital LLC boosted its position in Federated Hermes Premier Municipal Income Fund by 27.2% during the fourth quarter. Logan Stone Capital LLC now owns 47,290 shares of the company’s stock worth $516,000 after purchasing an additional 10,119 shares during the period. CF Capital LLC bought a new position in shares of Federated Hermes Premier Municipal Income Fund in the fourth quarter worth $257,000. Bank of America Corp DE increased its stake in Federated Hermes Premier Municipal Income Fund by 16.6% in the 4th quarter. Bank of America Corp DE now owns 179,655 shares of the company’s stock worth $1,960,000 after acquiring an additional 25,516 shares during the last quarter. Whitebox Advisors LLC purchased a new stake in Federated Hermes Premier Municipal Income Fund in the fourth quarter valued at approximately $507,000. Finally, Guggenheim Capital LLC raised its position in shares of Federated Hermes Premier Municipal Income Fund by 6.9% during the 4th quarter. Guggenheim Capital LLC now owns 167,961 shares of the company’s stock valued at $1,832,000 after buying an additional 10,856 shares in the last quarter.

About Federated Hermes Premier Municipal Income Fund

Federated Premier Municipal Income Fund is a closed-ended fixed income mutual fund launched by Federated Investors, Inc The fund is managed by Federated Investment Management Company. It invests in fixed income markets of United States. The fund primarily invests in tax-exempt municipal bonds of GO state, GO local, special tax, hospital, transportation, pre-refunded, senior care, water and sewer, education, electric and gas, and public power sectors.