MFS Investment Grade Municipal Trust (NYSE:CXH – Get Free Report) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 17,900 shares, a decline of 10.1% from the August 15th total of 19,900 shares. Based on an average trading volume of 14,900 shares, the short-interest ratio is presently 1.2 days.
MFS Investment Grade Municipal Trust Stock Down 0.2 %
CXH traded down $0.02 during trading on Thursday, reaching $8.20. The stock had a trading volume of 438 shares, compared to its average volume of 19,613. The business has a 50-day moving average of $8.07 and a 200-day moving average of $7.76. MFS Investment Grade Municipal Trust has a one year low of $6.41 and a one year high of $8.28.
MFS Investment Grade Municipal Trust Increases Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 17th will be given a $0.0265 dividend. This is an increase from MFS Investment Grade Municipal Trust’s previous monthly dividend of $0.03. The ex-dividend date is Tuesday, September 17th. This represents a $0.32 dividend on an annualized basis and a yield of 3.88%.
Institutional Trading of MFS Investment Grade Municipal Trust
About MFS Investment Grade Municipal Trust
MFS Investment Grade Municipal is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.
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