MFS Intermediate High Income Fund (NYSE:CIF) Short Interest Update

MFS Intermediate High Income Fund (NYSE:CIF) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 30,200 shares, a growth of 48.8% from the February 29th total of 20,300 shares. Based on an average daily volume of 44,700 shares, the short-interest ratio is presently 0.7 days.

MFS Intermediate High Income Fund Trading Up 0.3 %

Shares of CIF stock traded up $0.01 during trading on Friday, reaching $1.73. The company’s stock had a trading volume of 37,897 shares, compared to its average volume of 37,838. The stock’s 50-day moving average price is $1.72 and its 200 day moving average price is $1.66. MFS Intermediate High Income Fund has a 1-year low of $1.47 and a 1-year high of $1.77.

MFS Intermediate High Income Fund Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.0148 per share. This represents a $0.18 annualized dividend and a yield of 10.27%. The ex-dividend date was Tuesday, March 12th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its holdings in MFS Intermediate High Income Fund by 15.4% during the 1st quarter. NewEdge Advisors LLC now owns 243,300 shares of the company’s stock worth $591,000 after acquiring an additional 32,400 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in MFS Intermediate High Income Fund by 16.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 109,157 shares of the company’s stock worth $186,000 after acquiring an additional 15,099 shares in the last quarter. Advisor Group Holdings Inc. grew its holdings in MFS Intermediate High Income Fund by 43.0% during the 4th quarter. Advisor Group Holdings Inc. now owns 63,391 shares of the company’s stock worth $109,000 after acquiring an additional 19,076 shares in the last quarter. SFI Advisors LLC acquired a new position in MFS Intermediate High Income Fund during the 1st quarter worth approximately $97,000. Finally, Susquehanna International Group LLP grew its holdings in MFS Intermediate High Income Fund by 101.7% during the 4th quarter. Susquehanna International Group LLP now owns 50,435 shares of the company’s stock worth $86,000 after acquiring an additional 25,427 shares in the last quarter. Institutional investors and hedge funds 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.