MFS High Yield Municipal Trust (NYSE:CMU) Short Interest Up 131.3% in December

MFS High Yield Municipal Trust (NYSE:CMU) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 162,800 shares, an increase of 131.3% from the November 30th total of 70,400 shares. Based on an average daily volume of 61,600 shares, the short-interest ratio is presently 2.6 days.

Institutional Trading of MFS High Yield Municipal Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in shares of MFS High Yield Municipal Trust in the third quarter valued at about $37,000. Sanctuary Advisors LLC bought a new stake in shares of MFS High Yield Municipal Trust during the second quarter worth approximately $42,000. Ackerman Capital Advisors LLC acquired a new position in shares of MFS High Yield Municipal Trust in the third quarter valued at approximately $70,000. Blue Bell Private Wealth Management LLC increased its stake in shares of MFS High Yield Municipal Trust by 137.5% during the second quarter. Blue Bell Private Wealth Management LLC now owns 39,301 shares of the company’s stock worth $135,000 after purchasing an additional 22,754 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in MFS High Yield Municipal Trust by 270.9% during the 3rd quarter. International Assets Investment Management LLC now owns 46,398 shares of the company’s stock worth $170,000 after purchasing an additional 33,890 shares during the last quarter. 32.39% of the stock is owned by institutional investors.

MFS High Yield Municipal Trust Trading Up 0.3 %

Shares of CMU stock opened at $3.51 on Friday. The firm’s fifty day moving average price is $3.57 and its two-hundred day moving average price is $3.56. MFS High Yield Municipal Trust has a 1 year low of $3.20 and a 1 year high of $3.70.

MFS High Yield Municipal Trust Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.0145 dividend. The ex-dividend date of this dividend is Tuesday, December 17th.

About MFS High Yield Municipal Trust

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.