MFS High Yield Municipal Trust (NYSE:CMU) Sees Large Increase in Short Interest

MFS High Yield Municipal Trust (NYSE:CMUGet Rating) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 25,800 shares, a growth of 290.9% from the August 15th total of 6,600 shares. Based on an average trading volume of 99,300 shares, the days-to-cover ratio is presently 0.3 days.

MFS High Yield Municipal Trust Trading Down 0.8 %

NYSE CMU opened at $3.26 on Wednesday. MFS High Yield Municipal Trust has a 52 week low of $3.14 and a 52 week high of $4.80. The business’s fifty day simple moving average is $3.47 and its 200-day simple moving average is $3.56.

MFS High Yield Municipal Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, September 14th will be paid a $0.0145 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date of this dividend is Tuesday, September 13th.

Institutional Investors Weigh In On MFS High Yield Municipal Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Advisors LLC purchased a new stake in shares of MFS High Yield Municipal Trust during the second quarter worth approximately $34,000. Guggenheim Capital LLC purchased a new position in shares of MFS High Yield Municipal Trust in the 1st quarter worth about $42,000. WealthTrust Asset Management LLC purchased a new stake in shares of MFS High Yield Municipal Trust during the 2nd quarter valued at about $40,000. OLD Mission Capital LLC purchased a new stake in shares of MFS High Yield Municipal Trust during the 2nd quarter valued at about $48,000. Finally, Nomura Holdings Inc. acquired a new stake in MFS High Yield Municipal Trust during the 2nd quarter valued at approximately $49,000.

About MFS High Yield Municipal Trust

(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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