MFS Intermediate High Income Fund (NYSE:CIF) Short Interest Up 5.0% in October

MFS Intermediate High Income Fund (NYSE:CIF) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 52,200 shares, a growth of 5.0% from the September 30th total of 49,700 shares. Based on an average daily volume of 54,900 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On MFS Intermediate High Income Fund

A hedge fund recently raised its stake in MFS Intermediate High Income Fund stock. Wolverine Asset Management LLC increased its holdings in MFS Intermediate High Income Fund (NYSE:CIF) by 6,389.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,468 shares of the company’s stock after acquiring an additional 19,168 shares during the quarter. Wolverine Asset Management LLC owned approximately 0.10% of MFS Intermediate High Income Fund worth $33,000 at the end of the most recent quarter. Institutional investors own 6.85% of the company’s stock.

MFS Intermediate High Income Fund Stock Performance

MFS Intermediate High Income Fund stock traded down $0.01 during mid-day trading on Thursday, hitting $1.74. The company had a trading volume of 97,412 shares, compared to its average volume of 47,516. MFS Intermediate High Income Fund has a 1 year low of $1.50 and a 1 year high of $1.83. The business has a fifty day moving average of $1.77 and a 200 day moving average of $1.73.

MFS Intermediate High Income Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a $0.015 dividend. This is a positive change from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01. This represents a $0.18 annualized dividend and a yield of 10.35%. The ex-dividend date is Tuesday, October 15th.

MFS Intermediate High Income Fund Company Profile

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.