MFS High Yield Municipal Trust (NYSE:CMU) Short Interest Up 140.3% in November

MFS High Yield Municipal Trust (NYSE:CMU) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 70,400 shares, an increase of 140.3% from the November 15th total of 29,300 shares. Based on an average daily trading volume, of 59,700 shares, the days-to-cover ratio is presently 1.2 days.

MFS High Yield Municipal Trust Trading Down 1.1 %

Shares of MFS High Yield Municipal Trust stock opened at $3.60 on Friday. MFS High Yield Municipal Trust has a one year low of $3.20 and a one year high of $3.70. The business’s 50 day moving average price is $3.60 and its 200 day moving average price is $3.54.

MFS High Yield Municipal Trust Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a dividend of $0.0145 per share. The ex-dividend date of this dividend is Tuesday, December 17th.

Institutional Investors Weigh In On MFS High Yield Municipal Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rivernorth Capital Management LLC increased its stake in MFS High Yield Municipal Trust by 19.9% during the third quarter. Rivernorth Capital Management LLC now owns 1,320,718 shares of the company’s stock worth $4,840,000 after acquiring an additional 219,483 shares during the last quarter. XTX Topco Ltd acquired a new stake in MFS High Yield Municipal Trust during the third quarter worth $37,000. Ackerman Capital Advisors LLC acquired a new stake in MFS High Yield Municipal Trust during the third quarter worth $70,000. International Assets Investment Management LLC increased its stake in MFS High Yield Municipal Trust by 270.9% during the third quarter. International Assets Investment Management LLC now owns 46,398 shares of the company’s stock worth $170,000 after acquiring an additional 33,890 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in MFS High Yield Municipal Trust during the second quarter worth $42,000. Institutional investors and hedge funds own 32.39% of the company’s stock.

MFS High Yield Municipal Trust Company Profile

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.