During December, there was a sizeable reduction in the total number of short positions in MFS High Income Municipal Trust (NYSE: CXE). The total number of shares subject to short interest as of the 15th of December was 42,200. Still, as of the 30th of December, that number had decreased to 33,500, representing 20.6% of the total shares subject to short interest as of the 15th of December. The current days-to-cover ratio is 0.2 days, which can be determined by using the daily trading volume of 151,900 shares as the basis for the calculation.
In addition, the business recently announced a monthly dividend, which is scheduled to be paid out on the 31st of January. On the 18th of January, shareholders who are currently registered will be eligible to receive a dividend payment of $0.013, which will be distributed to them. The dividend will be withheld from shareholder accounts beginning on Tuesday, the 17th of January. This translates into a dividend payment of $0.16 per share, giving the company a yield of 4.23% annually.
The price of an individual share of MFS High Income Municipal Trust increased by $0.03 to a total of $3.69 during the trading session on Friday at noon. Compared to the typical volume of 126,662 shares, there were 55 transactions involving the company’s stock. A year ago, the price of MFS High Income Municipal Trust was as high as $4.81 and as low as $3.14. The previous year’s price had reached a low of $3.14. The current price of the stock, which is trading at $3.54, is slightly higher than its 50-day simple moving average, which is $3.64.
Recent months have seen several hedge funds and institutional investors adjust the proportion of a company’s stock that they own. Drive During the third quarter of 2018, Wealth Management LLC invested in the MFS High Income Municipal Trust $34,000. Integrated Wealth Concepts LLC spent almost forty thousand dollars during the second quarter of the fiscal year to acquire a new interest in MFS High Income Municipal Trust. The transaction took place during the second quarter. Wolverine Asset Management LLC’s amount of money into the MFS High Income Municipal Trust during the second quarter was approximately $41,000 higher than it put in during the first quarter. NewEdge Advisors LLC purchased MFS High Income Municipal Trust for $50,000 during the first three months of 2018. And finally, during the second quarter, Nomura Holdings Inc. increased its holdings in MFS High Income Municipal Trust by purchasing a new interest in the trust at approximately $73,000. This move brought the total value of the company’s investment in the latter to approximately $73,000. To the tune of 14.21% of the company’s stock, institutional investors and hedge funds collectively hold the company’s shares.
The Massachusetts Financial Services Company is the sponsor and manager of the fixed-income closed-end mutual fund known as the MFS High Income Municipal Trust. This fund was established and is managed by the Massachusetts Financial Services Company. The vast majority of the fund’s assets are invested in fixed-income securities. Investing in municipal bonds and local general liabilities is its primary focus, and it does so across a wide range of markets, including retirement, healthcare, multifamily, and investor-owned utilities, amongst others.
