MFS Intermediate High Income Fund (NYSE:CIF) Sees Large Growth in Short Interest

MFS Intermediate High Income Fund (NYSE:CIF) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 159,900 shares, a growth of 229.0% from the November 15th total of 48,600 shares. Based on an average daily volume of 74,600 shares, the short-interest ratio is presently 2.1 days.

MFS Intermediate High Income Fund Stock Performance

CIF stock remained flat at $1.76 during trading on Friday. The company had a trading volume of 37,907 shares, compared to its average volume of 50,548. MFS Intermediate High Income Fund has a 52 week low of $1.62 and a 52 week high of $1.83. The stock’s 50-day moving average is $1.76 and its 200-day moving average is $1.74.

MFS Intermediate High Income Fund Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a dividend of $0.0148 per share. The ex-dividend date of this dividend is Tuesday, December 17th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pin Oak Investment Advisors Inc. increased its position in shares of MFS Intermediate High Income Fund by 79.5% in the third quarter. Pin Oak Investment Advisors Inc. now owns 101,600 shares of the company’s stock valued at $180,000 after buying an additional 45,000 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in MFS Intermediate High Income Fund by 146.0% in the 3rd quarter. Wolverine Asset Management LLC now owns 47,898 shares of the company’s stock worth $85,000 after acquiring an additional 28,430 shares in the last quarter. Jane Street Group LLC purchased a new stake in MFS Intermediate High Income Fund in the 3rd quarter worth $36,000. Finally, L.M. Kohn & Company acquired a new position in MFS Intermediate High Income Fund during the third quarter worth $28,000. Hedge funds and other 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.