MFS High Income Municipal Trust (NYSE:CXE) Sees Significant Decline in Short Interest

MFS High Income Municipal Trust (NYSE:CXE) saw a significant drop in short interest in January. As of January 15th, there was short interest totalling 17,900 shares, a drop of 5.3% from the December 31st total of 18,900 shares. Based on an average trading volume of 96,200 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC purchased a new stake in shares of MFS High Income Municipal Trust in the second quarter valued at approximately $43,000. HighTower Advisors LLC raised 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 buying an additional 4,468 shares in the last quarter. Horizon Kinetics Asset Management LLC raised its stake in MFS High Income Municipal Trust by 28.7% in the third quarter. Horizon Kinetics Asset Management LLC now owns 35,414 shares of the company’s stock worth $142,000 after buying an additional 7,900 shares in the last quarter. Capital Investment Advisors LLC raised its stake in MFS High Income Municipal Trust by 4.9% in the third quarter. Capital Investment Advisors LLC now owns 67,126 shares of the company’s stock worth $269,000 after buying an additional 3,126 shares in the last quarter. Finally, Wolverine Asset Management LLC raised its stake in MFS High Income Municipal Trust by 54.9% in the third quarter. Wolverine Asset Management LLC now owns 79,006 shares of the company’s stock worth $316,000 after buying an additional 27,994 shares in the last quarter. Hedge funds and other institutional investors own 34.37% of the company’s stock.

MFS High Income Municipal Trust Trading Down 0.3 %

CXE opened at $3.74 on Tuesday. MFS High Income Municipal Trust has a 12 month low of $3.46 and a 12 month high of $4.03. The stock has a 50-day moving average of $3.73 and a 200 day moving average of $3.81.

MFS High Income Municipal Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 14th were given a $0.016 dividend. The ex-dividend date was Tuesday, January 14th. This represents a $0.19 annualized dividend and a yield of 5.14%.

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.