MFS Intermediate High Income Fund (NYSE:CIF) Short Interest Down 91.2% in December

MFS Intermediate High Income Fund (NYSE:CIF) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 3,411 shares, a decrease of 91.2% from the December 15th total of 38,654 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 59,928 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 59,928 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

MFS Intermediate High Income Fund Trading Up 0.3%

Shares of MFS Intermediate High Income Fund stock traded up $0.01 during trading on Monday, hitting $1.73. 28,246 shares of the company were exchanged, compared to its average volume of 50,327. The firm has a 50 day moving average price of $1.72 and a 200 day moving average price of $1.74. MFS Intermediate High Income Fund has a fifty-two week low of $1.52 and a fifty-two week high of $1.82.

MFS Intermediate High Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Tuesday, January 20th will be paid a dividend of $0.0146 per share. The ex-dividend date of this dividend is Tuesday, January 20th. This represents a c) dividend on an annualized basis and a dividend yield of 10.1%. This is an increase from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01.

Hedge Funds Weigh In On MFS Intermediate High Income Fund

An institutional investor recently bought a new position in MFS Intermediate High Income Fund stock. Kovack Advisors Inc. purchased a new position in MFS Intermediate High Income Fund (NYSE:CIF) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 15,527 shares of the company’s stock, valued at approximately $27,000. Kovack Advisors Inc. owned 0.09% of MFS Intermediate High Income Fund as of its most recent SEC filing. Institutional investors and hedge funds own 6.85% of the company’s stock.

About MFS Intermediate High Income Fund

MFS Intermediate High Income Fund Inc (NYSE: CIF) is a closed-end management investment company advised by MFS Investment Management, one of the oldest global asset managers headquartered in Boston, Massachusetts. The fund seeks to provide current income and capital appreciation by allocating assets primarily to intermediate‐duration debt instruments. It trades on the New York Stock Exchange under the symbol CIF and offers investors exposure to a diversified portfolio of fixed-income securities.

The fund’s investment strategy emphasizes intermediate maturities, generally targeting bonds and loans with durations ranging from two to seven years.