Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Short Interest Update

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) 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

Hedge funds have recently added to or reduced their stakes in the business. Whitebox Advisors LLC bought a new stake in Federated Hermes Premier Municipal Income Fund in the fourth quarter valued at $507,000. Wells Fargo & Company MN lifted its stake in Federated Hermes Premier Municipal Income Fund by 7.2% in the fourth quarter. Wells Fargo & Company MN now owns 123,581 shares of the company’s stock valued at $1,348,000 after buying an additional 8,277 shares during the last quarter. Guggenheim Capital LLC lifted its stake in Federated Hermes Premier Municipal Income Fund by 6.9% in the fourth quarter. Guggenheim Capital LLC now owns 167,961 shares of the company’s stock valued at $1,832,000 after buying an additional 10,856 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Federated Hermes Premier Municipal Income Fund in the fourth quarter valued at $778,000. Finally, HighTower Advisors LLC bought a new stake in Federated Hermes Premier Municipal Income Fund in the fourth quarter valued at $201,000.

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.