Short Interest in MFS Investment Grade Municipal Trust (NYSE:CXH) Grows By 87.2%

MFS Investment Grade Municipal Trust (NYSE:CXH) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 38,598 shares, an increase of 87.2% from the December 15th total of 20,624 shares. Based on an average daily volume of 20,811 shares, the short-interest ratio is presently 1.9 days. Currently, 0.5% of the shares of the company are short sold. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 20,811 shares, the short-interest ratio is presently 1.9 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CXH. Bulldog Investors LLP lifted its position in MFS Investment Grade Municipal Trust by 9.4% during the third quarter. Bulldog Investors LLP now owns 980,494 shares of the company’s stock worth $7,707,000 after purchasing an additional 84,603 shares during the period. Almitas Capital LLC raised its position in shares of MFS Investment Grade Municipal Trust by 8.8% in the 3rd quarter. Almitas Capital LLC now owns 487,688 shares of the company’s stock valued at $3,833,000 after buying an additional 39,519 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. lifted its holdings in shares of MFS Investment Grade Municipal Trust by 100.5% during the 2nd quarter. Thomas J. Herzfeld Advisors Inc. now owns 241,702 shares of the company’s stock worth $1,847,000 after acquiring an additional 121,161 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of MFS Investment Grade Municipal Trust by 128.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 112,637 shares of the company’s stock worth $895,000 after acquiring an additional 63,238 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of MFS Investment Grade Municipal Trust by 282.6% during the 3rd quarter. Bank of America Corp DE now owns 66,950 shares of the company’s stock worth $526,000 after acquiring an additional 49,450 shares in the last quarter.

MFS Investment Grade Municipal Trust Stock Down 0.2%

Shares of NYSE CXH traded down $0.02 during midday trading on Thursday, reaching $8.06. The company’s stock had a trading volume of 10,712 shares, compared to its average volume of 15,599. The business’s 50 day moving average price is $7.97 and its two-hundred day moving average price is $7.79. MFS Investment Grade Municipal Trust has a fifty-two week low of $7.34 and a fifty-two week high of $8.21.

MFS Investment Grade Municipal Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Tuesday, January 20th will be issued a $0.034 dividend. The ex-dividend date of this dividend is Tuesday, January 20th. This represents a c) annualized dividend and a yield of 5.1%.

MFS Investment Grade Municipal Trust Company Profile

MFS Investment Grade Municipal Trust (NYSE: CXH) is a non-diversified, closed-end management investment company that seeks to provide shareholders with current income exempt from federal income taxes. Trading on the New York Stock Exchange since its inception in 1982, the fund primarily acquires investment-grade municipal securities, including general obligation and revenue bonds issued by states, municipalities and public authorities across the United States.

The trust’s portfolio is constructed to balance credit quality and yield, focusing on bonds rated BBB or higher by nationally recognized rating agencies.