MFS High Yield Municipal Trust (NYSE:CMU) Short Interest Update

MFS High Yield Municipal Trust (NYSE:CMUGet Rating) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 24,800 shares, an increase of 4,860.0% from the March 15th total of 500 shares. Based on an average daily trading volume, of 73,400 shares, the short-interest ratio is currently 0.3 days.

Institutional investors have recently bought and sold shares of the company. Claybrook Capital LLC purchased a new position in shares of MFS High Yield Municipal Trust during the 3rd quarter worth approximately $1,756,000. Robinson Capital Management LLC boosted its position in shares of MFS High Yield Municipal Trust by 48.2% during the 3rd quarter. Robinson Capital Management LLC now owns 652,231 shares of the company’s stock worth $2,994,000 after purchasing an additional 212,132 shares during the period. Ackerman Capital Advisors LLC lifted its holdings in MFS High Yield Municipal Trust by 194.0% during the 4th quarter. Ackerman Capital Advisors LLC now owns 224,549 shares of the company’s stock worth $1,015,000 after buying an additional 148,166 shares in the last quarter. Rivernorth Capital Management LLC lifted its holdings in MFS High Yield Municipal Trust by 29.6% during the 3rd quarter. Rivernorth Capital Management LLC now owns 202,964 shares of the company’s stock worth $932,000 after buying an additional 46,329 shares in the last quarter. Finally, Arlington Capital Management Inc. acquired a new stake in MFS High Yield Municipal Trust during the 4th quarter worth approximately $111,000.

Shares of MFS High Yield Municipal Trust stock traded down $0.02 during mid-day trading on Tuesday, hitting $3.65. The stock had a trading volume of 689 shares, compared to its average volume of 63,295. The firm’s 50-day simple moving average is $3.99. MFS High Yield Municipal Trust has a 12-month low of $3.66 and a 12-month high of $4.90.

The company also recently declared a monthly dividend, which will be paid on Friday, April 29th. Stockholders of record on Wednesday, April 20th will be paid a $0.0153 dividend. The ex-dividend date of this dividend is Tuesday, April 19th. This represents a $0.18 annualized dividend and a dividend yield of 5.01%.

MFS High Yield Municipal Trust Company Profile (Get Rating)

MFS High Yield Municipal Trust is a closed-end investment fund. It primarily invests in tax-exempt bonds and tax-exempt notes. The company was founded on January 22, 1987 and is headquartered in Boston, MA.

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