Federated Hermes Premier Municipal Income Fund (NYSE:FMN – Get Free Report) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 13,100 shares, an increase of 31.0% from the February 13th total of 10,000 shares. Based on an average daily volume of 37,700 shares, the days-to-cover ratio is currently 0.3 days.
Federated Hermes Premier Municipal Income Fund Stock Performance
Federated Hermes Premier Municipal Income Fund stock traded down $0.02 during mid-day trading on Monday, reaching $10.89. The company’s stock had a trading volume of 17,409 shares, compared to its average volume of 36,014. The business has a 50 day moving average price of $11.09 and a 200-day moving average price of $11.47. Federated Hermes Premier Municipal Income Fund has a twelve month low of $10.78 and a twelve month high of $12.53.
Federated Hermes Premier Municipal Income Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 21st will be issued a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend is Friday, March 21st.
Hedge Funds Weigh In On Federated Hermes Premier Municipal Income Fund
Federated Hermes Premier Municipal Income Fund Company Profile
Federated Premier Municipal Income Fund is a closed-ended fixed income mutual fund launched by Federated Investors, Inc The fund is managed by Federated Investment Management Company. It invests in fixed income markets of United States. The fund primarily invests in tax-exempt municipal bonds of GO state, GO local, special tax, hospital, transportation, pre-refunded, senior care, water and sewer, education, electric and gas, and public power sectors.
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