MFS High Income Municipal Trust (NYSE:CXE) Sees Significant Decline in Short Interest

MFS High Income Municipal Trust (NYSE:CXE) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 17,900 shares, a decline of 5.3% from the December 15th total of 18,900 shares. Based on an average daily volume of 96,200 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of MFS High Income Municipal Trust

Institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new position in shares of MFS High Income Municipal Trust during the second quarter valued at about $43,000. HighTower Advisors LLC increased its stake in MFS High Income Municipal Trust by 30.5% in the 3rd quarter. HighTower Advisors LLC now owns 19,138 shares of the company’s stock valued at $77,000 after buying an additional 4,468 shares during the last quarter. Horizon Kinetics Asset Management LLC increased its stake in MFS High Income Municipal Trust by 28.7% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 35,414 shares of the company’s stock valued at $142,000 after buying an additional 7,900 shares during the last quarter. Capital Investment Advisors LLC lifted its position in shares of MFS High Income Municipal Trust by 4.9% during the 3rd quarter. Capital Investment Advisors LLC now owns 67,126 shares of the company’s stock worth $269,000 after buying an additional 3,126 shares in the last quarter. Finally, Wolverine Asset Management LLC boosted its stake in shares of MFS High Income Municipal Trust by 54.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 79,006 shares of the company’s stock worth $316,000 after buying an additional 27,994 shares during the last quarter. Institutional investors own 34.37% of the company’s stock.

MFS High Income Municipal Trust Stock Performance

CXE stock opened at $3.74 on Tuesday. MFS High Income Municipal Trust has a twelve month low of $3.46 and a twelve month high of $4.03. The stock’s 50 day moving average is $3.75 and its 200-day moving average is $3.81.

MFS High Income Municipal Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 14th will be paid a dividend of $0.016 per share. This represents a $0.19 annualized dividend and a yield of 5.14%. The ex-dividend date is Tuesday, January 14th.

About MFS High Income Municipal Trust

MFS High Income Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets. It primarily invests in municipal bonds and local general obligations of various sectors, such as multifamily, hospitals, care retirement, and investor-owned utilities.