MFS High Income Municipal Trust (NYSE:CXE) Short Interest Update

MFS High Income Municipal Trust (NYSE:CXE) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 57,913 shares, a growth of 127.0% from the May 14th total of 25,512 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 123,881 shares, the short-interest ratio is currently 0.5 days.

MFS High Income Municipal Trust Stock Performance

Shares of CXE opened at $3.66 on Friday. The business has a 50-day moving average of $3.70 and a 200-day moving average of $3.74. MFS High Income Municipal Trust has a 1 year low of $3.40 and a 1 year high of $3.88.

MFS High Income Municipal Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were given a dividend of $0.018 per share. The ex-dividend date was Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 5.9%.

Institutional Trading of MFS High Income Municipal Trust

Several large investors have recently modified their holdings of CXE. Indivisible Partners bought a new stake in shares of MFS High Income Municipal Trust in the 4th quarter valued at $39,000. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of MFS High Income Municipal Trust during the first quarter worth about $53,000. Goldman Sachs Group Inc. purchased a new stake in shares of MFS High Income Municipal Trust in the fourth quarter worth approximately $55,000. Nomura Holdings Inc. purchased a new stake in MFS High Income Municipal Trust in the 3rd quarter valued at $56,000. Finally, StoneX Group Inc. bought a new position in shares of MFS High Income Municipal Trust during the fourth quarter valued at about $58,000. Institutional investors and hedge funds 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.