MFS High Yield Municipal Trust (NYSE:CMU) Sees Significant Decrease in Short Interest

MFS High Yield Municipal Trust (NYSE:CMU) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totalling 5,200 shares, a drop of 10.3% from the September 15th total of 5,800 shares. Based on an average daily volume of 49,000 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of MFS High Yield Municipal Trust

Several hedge funds have recently modified their holdings of CMU. Sanctuary Advisors LLC bought a new stake in shares of MFS High Yield Municipal Trust in the 2nd quarter worth about $42,000. Simplicity Wealth LLC purchased a new position in MFS High Yield Municipal Trust in the second quarter worth about $46,000. Blue Bell Private Wealth Management LLC grew its position in MFS High Yield Municipal Trust by 137.5% in the second quarter. Blue Bell Private Wealth Management LLC now owns 39,301 shares of the company’s stock worth $135,000 after acquiring an additional 22,754 shares in the last quarter. Graham Capital Wealth Management LLC bought a new stake in MFS High Yield Municipal Trust during the second quarter worth approximately $285,000. Finally, Almitas Capital LLC raised its position in MFS High Yield Municipal Trust by 5.5% during the second quarter. Almitas Capital LLC now owns 91,488 shares of the company’s stock valued at $314,000 after purchasing an additional 4,759 shares during the period. 32.39% of the stock is owned by hedge funds and other institutional investors.

MFS High Yield Municipal Trust Stock Performance

Shares of CMU stock remained flat at $3.62 during trading hours on Thursday. The stock had a trading volume of 28,599 shares, compared to its average volume of 54,640. MFS High Yield Municipal Trust has a 1 year low of $2.78 and a 1 year high of $3.70. The business has a 50 day simple moving average of $3.61 and a 200-day simple moving average of $3.45.

MFS High Yield Municipal Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a $0.0145 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Tuesday, October 15th.

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.