MFS High Income Municipal Trust (NYSE:CXE) Sees Large Drop in Short Interest

MFS High Income Municipal Trust (NYSE:CXE) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 10,700 shares, a decrease of 28.7% from the November 15th total of 15,000 shares. Based on an average daily volume of 78,800 shares, the days-to-cover ratio is currently 0.1 days.

MFS High Income Municipal Trust Stock Down 1.4 %

NYSE:CXE traded down $0.06 during trading hours on Friday, reaching $3.80. 139,120 shares of the company’s stock were exchanged, compared to its average volume of 59,552. MFS High Income Municipal Trust has a 1-year low of $3.46 and a 1-year high of $4.03. The company has a 50-day moving average of $3.85 and a 200 day moving average of $3.81.

MFS High Income Municipal Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.016 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.19 dividend on an annualized basis and a yield of 5.06%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CXE. Whitebox Advisors LLC lifted its holdings in shares of MFS High Income Municipal Trust by 9.9% during the third quarter. Whitebox Advisors LLC now owns 116,625 shares of the company’s stock worth $467,000 after purchasing an additional 10,475 shares during the period. Blue Bell Private Wealth Management LLC boosted its holdings in shares of MFS High Income Municipal Trust by 127.8% in the second quarter. Blue Bell Private Wealth Management LLC now owns 92,376 shares of the company’s stock valued at $343,000 after acquiring an additional 51,828 shares in the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of MFS High Income Municipal Trust by 54.9% in the third 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 in the last quarter. Capital Investment Advisors LLC increased its stake in shares of MFS High Income Municipal Trust by 4.9% during the third quarter. Capital Investment Advisors LLC now owns 67,126 shares of the company’s stock worth $269,000 after acquiring an additional 3,126 shares during the period. Finally, Horizon Kinetics Asset Management LLC lifted its position in MFS High Income Municipal Trust by 28.7% in the third quarter. Horizon Kinetics Asset Management LLC now owns 35,414 shares of the company’s stock valued at $142,000 after purchasing an additional 7,900 shares during the period. Institutional investors and hedge funds own 34.37% of the company’s stock.

MFS High Income Municipal Trust Company Profile

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.