MFS Intermediate High Income Fund (NYSE:CIF) Short Interest Update

MFS Intermediate High Income Fund (NYSE:CIF) saw a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 41,100 shares, a decline of 21.3% from the October 15th total of 52,200 shares. Based on an average daily volume of 57,200 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On MFS Intermediate High Income Fund

A number of hedge funds have recently modified their holdings of the business. Jane Street Group LLC purchased a new position in shares of MFS Intermediate High Income Fund during the third quarter worth $36,000. L.M. Kohn & Company acquired a new position in MFS Intermediate High Income Fund in the 3rd quarter valued at about $28,000. Pin Oak Investment Advisors Inc. grew its position 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 acquiring an additional 45,000 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its stake 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 worth $85,000 after purchasing an additional 28,430 shares during the period. 6.85% of the stock is currently owned by hedge funds and other institutional investors.

MFS Intermediate High Income Fund Stock Performance

NYSE CIF traded down $0.01 on Friday, reaching $1.71. 105,972 shares of the company were exchanged, compared to its average volume of 51,699. MFS Intermediate High Income Fund has a fifty-two week low of $1.60 and a fifty-two week high of $1.83. The business’s fifty day moving average price is $1.76 and its 200 day moving average price is $1.74.

MFS Intermediate High Income Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.0149 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.18 annualized dividend and a yield of 10.49%.

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.