Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Short Interest Up 138.0% in November

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) was the target of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 16,900 shares, an increase of 138.0% from the November 15th total of 7,100 shares. Based on an average trading volume of 47,100 shares, the short-interest ratio is presently 0.4 days.

Federated Hermes Premier Municipal Income Fund Trading Down 0.8 %

NYSE:FMN opened at $11.29 on Friday. The stock has a 50-day simple moving average of $11.58 and a 200 day simple moving average of $11.67. Federated Hermes Premier Municipal Income Fund has a 52-week low of $10.72 and a 52-week high of $12.53.

Federated Hermes Premier Municipal Income Fund Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 23rd will be issued a $0.04 dividend. This represents a dividend yield of 4%. The ex-dividend date of this dividend is Monday, December 23rd.

Insider Activity at Federated Hermes Premier Municipal Income Fund

In other Federated Hermes Premier Municipal Income Fund news, major shareholder Saba Capital Management, L.P. sold 523,323 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $12.67, for a total value of $6,630,502.41. Following the completion of the sale, the insider now owns 1,111,886 shares of the company’s stock, valued at approximately $14,087,595.62. This represents a 32.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 524,791 shares of company stock worth $6,649,002 over the last 90 days.

Institutional Trading of Federated Hermes Premier Municipal Income Fund

A number of large investors have recently added to or reduced their stakes in FMN. Avior Wealth Management LLC increased its position in Federated Hermes Premier Municipal Income Fund by 50.1% during the third quarter. Avior Wealth Management LLC now owns 5,534 shares of the company’s stock worth $69,000 after buying an additional 1,847 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new position in shares of Federated Hermes Premier Municipal Income Fund during the 2nd quarter worth approximately $149,000. XML Financial LLC increased its holdings in shares of Federated Hermes Premier Municipal Income Fund by 11.2% during the 3rd quarter. XML Financial LLC now owns 25,830 shares of the company’s stock worth $321,000 after acquiring an additional 2,600 shares during the last quarter. Capital Investment Advisors LLC raised its stake in Federated Hermes Premier Municipal Income Fund by 3.2% in the 3rd quarter. Capital Investment Advisors LLC now owns 32,213 shares of the company’s stock valued at $400,000 after acquiring an additional 1,013 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Federated Hermes Premier Municipal Income Fund by 100.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 38,925 shares of the company’s stock valued at $445,000 after purchasing an additional 19,477 shares during the last quarter.

Federated Hermes Premier Municipal Income Fund Company Profile

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.