Short Interest in MFS High Income Municipal Trust (NYSE:CXE) Drops By 34.5%

MFS High Income Municipal Trust (NYSE:CXE) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 30,470 shares, a decrease of 34.5% from the November 30th total of 46,498 shares. Based on an average daily volume of 152,668 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 152,668 shares, the days-to-cover ratio is currently 0.2 days.

MFS High Income Municipal Trust Stock Up 0.1%

Shares of CXE opened at $3.70 on Wednesday. MFS High Income Municipal Trust has a 12 month low of $3.38 and a 12 month high of $3.85. The firm’s 50 day moving average is $3.72 and its 200-day moving average is $3.64.

MFS High Income Municipal Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a dividend of $0.018 per share. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Tuesday, December 16th.

Institutional Trading of MFS High Income Municipal Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Almitas Capital LLC boosted its position in shares of MFS High Income Municipal Trust by 13.6% during the 1st quarter. Almitas Capital LLC now owns 1,047,002 shares of the company’s stock worth $3,863,000 after acquiring an additional 125,165 shares in the last quarter. Riverbridge Partners LLC bought a new stake in MFS High Income Municipal Trust during the third quarter worth $322,000. Catalina Capital Group LLC acquired a new stake in shares of MFS High Income Municipal Trust in the 3rd quarter valued at $297,000. NewEdge Advisors LLC increased its stake in shares of MFS High Income Municipal Trust by 185.0% in the 3rd quarter. NewEdge Advisors LLC now owns 93,180 shares of the company’s stock valued at $347,000 after purchasing an additional 60,480 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of MFS High Income Municipal Trust by 4.0% in the 3rd quarter. Bank of America Corp DE now owns 1,049,363 shares of the company’s stock valued at $3,904,000 after purchasing an additional 40,753 shares during the last quarter. Institutional investors own 34.37% of the company’s stock.

About MFS High Income Municipal Trust

MFS High Income Municipal Trust (NYSE: CXE) is a diversified, closed-end management investment company that seeks to provide shareholders with high current income exempt from regular federal income tax. The fund achieves this objective by investing primarily in a portfolio of municipal obligations, which may include general obligation bonds, revenue bonds and other municipal securities issued by state and local governments throughout the United States.

The trust focuses on both investment-grade and below-investment-grade municipal securities, aiming to capture wider spreads in the high-yield segment of the municipal bond market.