Short Interest in MFS High Yield Municipal Trust (NYSE:CMU) Declines By 63.8%

MFS High Yield Municipal Trust (NYSE:CMU) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 5,800 shares, a drop of 63.8% from the August 31st total of 16,000 shares. Based on an average daily volume of 42,700 shares, the days-to-cover ratio is currently 0.1 days.

MFS High Yield Municipal Trust Trading Up 0.3 %

MFS High Yield Municipal Trust stock traded up $0.01 during midday trading on Friday, reaching $3.63. The company had a trading volume of 49,890 shares, compared to its average volume of 54,534. The firm’s fifty day simple moving average is $3.57 and its 200-day simple moving average is $3.42. MFS High Yield Municipal Trust has a 12-month low of $2.78 and a 12-month high of $3.67.

MFS High Yield Municipal Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th will be given a dividend of $0.0145 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.17 annualized dividend and a dividend yield of 4.79%.

Institutional Trading of MFS High Yield Municipal Trust

Several institutional investors have recently made changes to their positions in CMU. Mesirow Financial Investment Management Inc. purchased a new stake in shares of MFS High Yield Municipal Trust in the 1st quarter valued at approximately $35,000. Sanctuary Advisors LLC acquired a new position in MFS High Yield Municipal Trust during the second quarter worth $42,000. Simplicity Wealth LLC purchased a new position in shares of MFS High Yield Municipal Trust during the second quarter worth $46,000. Novak & Powell Financial Services Inc. acquired a new stake in shares of MFS High Yield Municipal Trust in the fourth quarter valued at $91,000. Finally, Blue Bell Private Wealth Management LLC raised its holdings in shares of MFS High Yield Municipal Trust by 137.5% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 39,301 shares of the company’s stock valued at $135,000 after buying an additional 22,754 shares during the period. Hedge funds and other institutional investors own 32.39% of the company’s stock.

MFS High Yield Municipal Trust Company Profile

MFS High Yield Municipal Trust 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.