MFS High Yield Municipal Trust (NYSE:CMU) Short Interest Down 64.3% in May

MFS High Yield Municipal Trust (NYSE:CMUGet Rating) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 4,100 shares, a decrease of 64.3% from the April 30th total of 11,500 shares. Based on an average trading volume of 92,300 shares, the days-to-cover ratio is presently 0.0 days.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp purchased a new position in MFS High Yield Municipal Trust in the 4th quarter worth approximately $42,000. Guggenheim Capital LLC purchased a new position in shares of MFS High Yield Municipal Trust during the 1st quarter valued at approximately $42,000. Sequoia Financial Advisors LLC purchased a new position in shares of MFS High Yield Municipal Trust during the 4th quarter valued at approximately $51,000. Clear Harbor Asset Management LLC purchased a new position in shares of MFS High Yield Municipal Trust during the 4th quarter valued at approximately $52,000. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of MFS High Yield Municipal Trust during the 4th quarter valued at approximately $56,000.

NYSE CMU opened at $3.49 on Thursday. MFS High Yield Municipal Trust has a fifty-two week low of $3.27 and a fifty-two week high of $4.90. The business has a 50 day moving average price of $3.60 and a two-hundred day moving average price of $4.08.

The business also recently declared a monthly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Wednesday, May 18th will be issued a $0.0153 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date of this dividend is Tuesday, May 17th.

MFS High Yield Municipal Trust Company Profile (Get Rating)

MFS High Yield Municipal Trust is a close 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 tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.

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