Short Interest in MFS Intermediate High Income Fund (NYSE:CIF) Increases By 37.0%

MFS Intermediate High Income Fund (NYSE:CIF) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 38,500 shares, a growth of 37.0% from the September 30th total of 28,100 shares. Based on an average trading volume of 42,300 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 42,300 shares, the days-to-cover ratio is currently 0.9 days.

MFS Intermediate High Income Fund Price Performance

Shares of CIF stock traded down $0.02 during mid-day trading on Monday, reaching $1.73. The stock had a trading volume of 41,635 shares, compared to its average volume of 53,292. The firm’s 50 day simple moving average is $1.75 and its 200 day simple moving average is $1.73. MFS Intermediate High Income Fund has a one year low of $1.52 and a one year high of $1.82.

MFS Intermediate High Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 14th were given a $0.0148 dividend. The ex-dividend date was Tuesday, October 14th. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%. 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

A number of hedge funds have recently modified their holdings of CIF. Atria Wealth Solutions Inc. acquired a new position in shares of MFS Intermediate High Income Fund in the 1st quarter worth approximately $25,000. Sit Investment Associates Inc. raised its holdings in shares of MFS Intermediate High Income Fund by 4.1% in the 1st quarter. Sit Investment Associates Inc. now owns 1,126,563 shares of the company’s stock worth $1,926,000 after buying an additional 44,477 shares in the last quarter. Finally, Kovack Advisors Inc. acquired a new position in shares of MFS Intermediate High Income Fund in the 2nd quarter worth approximately $27,000. 6.85% of the stock is owned by institutional investors and hedge funds.

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.