Short Interest in MFS High Income Municipal Trust (NYSE:CXE) Drops By 5.3%

MFS High Income Municipal Trust (NYSE:CXE) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 17,900 shares, a drop of 5.3% from the December 15th total of 18,900 shares. Based on an average daily volume of 96,200 shares, the short-interest ratio is currently 0.2 days.

MFS High Income Municipal Trust Stock Down 0.7 %

NYSE:CXE opened at $3.74 on Friday. MFS High Income Municipal Trust has a fifty-two week low of $3.46 and a fifty-two week high of $4.03. The firm’s 50 day moving average is $3.75 and its two-hundred day moving average is $3.81.

MFS High Income Municipal Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 14th will be paid a dividend of $0.016 per share. This represents a $0.19 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date is Tuesday, January 14th.

Hedge Funds Weigh In On MFS High Income Municipal Trust

A number of large investors have recently bought and sold shares of CXE. Melfa Wealth Management Inc. raised its stake in shares of MFS High Income Municipal Trust by 13.0% in the 4th quarter. Melfa Wealth Management Inc. now owns 150,188 shares of the company’s stock valued at $553,000 after acquiring an additional 17,295 shares during the period. Whitebox Advisors LLC raised its stake in shares of MFS High Income Municipal Trust by 9.9% in the 3rd quarter. Whitebox Advisors LLC now owns 116,625 shares of the company’s stock valued at $467,000 after acquiring an additional 10,475 shares during the period. HighTower Advisors LLC raised its stake in shares of MFS High Income Municipal Trust by 30.5% in the 3rd quarter. HighTower Advisors LLC now owns 19,138 shares of the company’s stock valued at $77,000 after acquiring an additional 4,468 shares during the period. Horizon Kinetics Asset Management LLC raised its stake in shares of MFS High Income Municipal Trust by 28.7% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 35,414 shares of the company’s stock valued at $142,000 after acquiring an additional 7,900 shares during the period. Finally, Wolverine Asset Management LLC raised its stake in shares of MFS High Income Municipal Trust by 54.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 79,006 shares of the company’s stock valued at $316,000 after acquiring an additional 27,994 shares during the period. Hedge funds and other institutional investors own 34.37% of the company’s stock.

About MFS High Income Municipal Trust

MFS High Income Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets. It primarily invests in municipal bonds and local general obligations of various sectors, such as multifamily, hospitals, care retirement, and investor-owned utilities.