Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Short Interest Down 18.3% in March

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 13,247 shares, a drop of 18.3% from the February 26th total of 16,217 shares. Based on an average daily trading volume, of 17,210 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On Federated Hermes Premier Municipal Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Camelot Portfolios LLC bought a new stake in Federated Hermes Premier Municipal Income Fund in the fourth quarter valued at approximately $72,000. HighTower Advisors LLC purchased a new position in shares of Federated Hermes Premier Municipal Income Fund in the fourth quarter worth $119,000. Jane Street Group LLC bought a new stake in Federated Hermes Premier Municipal Income Fund during the 4th quarter valued at $120,000. Savvy Advisors Inc. bought a new stake in Federated Hermes Premier Municipal Income Fund during the 4th quarter valued at $143,000. Finally, Citadel Advisors LLC purchased a new stake in Federated Hermes Premier Municipal Income Fund during the 3rd quarter valued at $173,000.

Federated Hermes Premier Municipal Income Fund Stock Performance

Shares of NYSE FMN traded up $0.05 during mid-day trading on Wednesday, reaching $10.98. 16,531 shares of the company were exchanged, compared to its average volume of 28,797. Federated Hermes Premier Municipal Income Fund has a 52 week low of $10.11 and a 52 week high of $11.38. The company’s 50 day moving average price is $11.17 and its 200 day moving average price is $11.12.

Federated Hermes Premier Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 23rd will be given a dividend of $0.045 per share. The ex-dividend date is Monday, March 23rd. This represents a c) dividend on an annualized basis and a yield of 4.9%.

About Federated Hermes Premier Municipal Income Fund

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) is a closed-end management investment company that seeks to provide a high level of current income exempt from regular federal income tax, consistent with the preservation of capital. The fund primarily invests in a diversified portfolio of municipal securities, including investment-grade bonds, pre-refunded municipal obligations, variable rate demand obligations and related instruments. It may also allocate a portion of its assets to cash equivalents and repurchase agreements for liquidity and duration management.

The fund’s portfolio emphasizes quality and creditworthiness, focusing on sectors such as transportation, utilities, education and healthcare.