MFS Intermediate High Income Fund (NYSE:CIF) Stock Price Up 0.6% – Here’s Why

MFS Intermediate High Income Fund (NYSE:CIF)’s share price was up 0.6% during trading on Thursday . The stock traded as high as $1.75 and last traded at $1.74. Approximately 95,261 shares were traded during mid-day trading, an increase of 86% from the average daily volume of 51,257 shares. The stock had previously closed at $1.73.

MFS Intermediate High Income Fund Stock Up 0.6 %

The firm has a 50 day moving average price of $1.74 and a 200 day moving average price of $1.75.

MFS Intermediate High Income Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.0148 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CIF. Pin Oak Investment Advisors Inc. grew its stake in MFS Intermediate High Income Fund by 79.5% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 101,600 shares of the company’s stock valued at $180,000 after purchasing an additional 45,000 shares during the period. Wolverine Asset Management LLC grew its position in MFS Intermediate High Income Fund by 146.0% during the third quarter. Wolverine Asset Management LLC now owns 47,898 shares of the company’s stock valued at $85,000 after buying an additional 28,430 shares during the period. Jane Street Group LLC purchased a new stake in MFS Intermediate High Income Fund during the third quarter worth about $36,000. Finally, L.M. Kohn & Company bought a new stake in MFS Intermediate High Income Fund in the third quarter worth about $28,000. 6.85% of the stock is owned by institutional investors.

About MFS Intermediate High Income Fund

MFS Intermediate High Income Fund is a closed 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 high income debt instruments. The fund benchmarks the performance of its portfolio against Barclays U.S.