Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Short Interest Update

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 54,000 shares, a decline of 7.1% from the May 31st total of 58,100 shares. Based on an average daily volume of 24,800 shares, the days-to-cover ratio is presently 2.2 days.

Federated Hermes Premier Municipal Income Fund Trading Up 0.6 %

NYSE:FMN opened at $11.41 on Thursday. Federated Hermes Premier Municipal Income Fund has a 52-week low of $9.09 and a 52-week high of $11.70. The business’s fifty day moving average is $11.26 and its 200 day moving average is $11.12.

Federated Hermes Premier Municipal Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 21st were paid a dividend of $0.038 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.00%. This is a positive change from Federated Hermes Premier Municipal Income Fund’s previous monthly dividend of $0.04. The ex-dividend date of this dividend was Friday, June 21st.

Institutional Trading of Federated Hermes Premier Municipal Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Alpine Global Management LLC raised its stake in shares of Federated Hermes Premier Municipal Income Fund by 1.1% during the 1st quarter. Alpine Global Management LLC now owns 118,797 shares of the company’s stock valued at $1,315,000 after purchasing an additional 1,343 shares during the period. Capital Investment Advisors LLC grew its position in Federated Hermes Premier Municipal Income Fund by 5.3% during the fourth quarter. Capital Investment Advisors LLC now owns 31,500 shares of the company’s stock worth $346,000 after buying an additional 1,575 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its position in Federated Hermes Premier Municipal Income Fund by 86.9% during the first quarter. Blue Bell Private Wealth Management LLC now owns 9,108 shares of the company’s stock worth $101,000 after buying an additional 4,236 shares in the last quarter. Fisher Asset Management LLC purchased a new position in Federated Hermes Premier Municipal Income Fund during the fourth quarter worth about $239,000. Finally, Sar Wealth Management Group LLC purchased a new position in Federated Hermes Premier Municipal Income Fund during the fourth quarter worth about $278,000.

About Federated Hermes Premier Municipal Income Fund

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.