MFS Intermediate High Income Fund (NYSE:CIF) Stock Price Down 1.2% – Time to Sell?

MFS Intermediate High Income Fund (NYSE:CIF)’s share price was down 1.2% during mid-day trading on Tuesday . The stock traded as low as $1.69 and last traded at $1.72. Approximately 86,481 shares were traded during trading, an increase of 22% from the average daily volume of 70,975 shares. The stock had previously closed at $1.74.

MFS Intermediate High Income Fund Trading Down 1.2%

The firm’s fifty day moving average is $1.69 and its 200-day moving average is $1.71.

MFS Intermediate High Income Fund Dividend Announcement

The company also recently announced a — dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be issued a $0.0143 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a yield of 10.3%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Atria Wealth Solutions Inc. acquired a new position in shares of MFS Intermediate High Income Fund in the 1st quarter worth approximately $25,000. L.M. Kohn & Company acquired a new position in shares of MFS Intermediate High Income Fund during the 1st quarter valued at $27,000. Finally, Sit Investment Associates Inc. raised its holdings in shares of MFS Intermediate High Income Fund by 82.3% during the fourth quarter. Sit Investment Associates Inc. now owns 1,082,086 shares of the company’s stock valued at $1,872,000 after purchasing an additional 488,365 shares during the period. 6.85% of the stock is owned by institutional investors and hedge funds.

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.