Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Short Interest Up 51.3% in December

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 12,100 shares, an increase of 51.3% from the December 15th total of 8,000 shares. Based on an average daily volume of 44,000 shares, the short-interest ratio is presently 0.3 days.

Federated Hermes Premier Municipal Income Fund Price Performance

Shares of NYSE:FMN traded up $0.03 during trading on Friday, hitting $11.11. 16,733 shares of the stock traded hands, compared to its average volume of 52,839. The company has a fifty day moving average price of $11.13 and a two-hundred day moving average price of $11.61. Federated Hermes Premier Municipal Income Fund has a 52-week low of $10.74 and a 52-week high of $12.53.

Federated Hermes Premier Municipal Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 23rd will be paid a dividend of $0.04 per share. This is a positive change from Federated Hermes Premier Municipal Income Fund’s previous monthly dividend of $0.04. This represents a $0.48 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Thursday, January 23rd.

Hedge Funds Weigh In On Federated Hermes Premier Municipal Income Fund

A number of hedge funds have recently bought and sold shares of FMN. Riverbridge Partners LLC acquired a new position in shares of Federated Hermes Premier Municipal Income Fund during the 4th quarter worth approximately $447,000. Quarry LP purchased a new stake in shares of Federated Hermes Premier Municipal Income Fund during the third quarter worth about $976,000. Avior Wealth Management LLC raised its position in shares of Federated Hermes Premier Municipal Income Fund by 50.1% during the 3rd quarter. Avior Wealth Management LLC now owns 5,534 shares of the company’s stock worth $69,000 after purchasing an additional 1,847 shares during the last quarter. XML Financial LLC lifted its stake in Federated Hermes Premier Municipal Income Fund by 11.2% in the 3rd quarter. XML Financial LLC now owns 25,830 shares of the company’s stock valued at $321,000 after buying an additional 2,600 shares in the last quarter. Finally, Capital Investment Advisors LLC lifted its position in shares of Federated Hermes Premier Municipal Income Fund by 3.2% in the third quarter. Capital Investment Advisors LLC now owns 32,213 shares of the company’s stock valued at $400,000 after acquiring an additional 1,013 shares in the last quarter.

Federated Hermes Premier Municipal Income Fund Company Profile

Federated Premier Municipal Income Fund is a closed-ended fixed income mutual fund launched by Federated Investors, Inc The fund is managed by Federated Investment Management Company. It invests in fixed income markets of United States. The fund primarily invests in tax-exempt municipal bonds of GO state, GO local, special tax, hospital, transportation, pre-refunded, senior care, water and sewer, education, electric and gas, and public power sectors.