MFS Intermediate High Income Fund (NYSE:CIF) Short Interest Up 136.8% in September

MFS Intermediate High Income Fund (NYSE:CIF) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 13,500 shares, an increase of 136.8% from the August 31st total of 5,700 shares. Based on an average daily volume of 40,600 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 40,600 shares, the short-interest ratio is currently 0.3 days.

MFS Intermediate High Income Fund Price Performance

MFS Intermediate High Income Fund stock opened at $1.75 on Monday. MFS Intermediate High Income Fund has a 1-year low of $1.52 and a 1-year high of $1.82. The business has a fifty day moving average price of $1.76 and a 200-day moving average price of $1.72.

MFS Intermediate High Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 14th will be issued a $0.0148 dividend. This is a boost from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01. This represents a c) annualized dividend and a yield of 10.1%. The ex-dividend date of this dividend is Tuesday, October 14th.

Institutional Investors Weigh In On MFS Intermediate High Income Fund

A number of large investors have recently modified their holdings of CIF. Atria Wealth Solutions Inc. purchased a new position in shares of MFS Intermediate High Income Fund in the 1st quarter valued at approximately $25,000. Kovack Advisors Inc. acquired a new position in MFS Intermediate High Income Fund during the 2nd quarter valued at approximately $27,000. L.M. Kohn & Company purchased a new position in shares of MFS Intermediate High Income Fund in the first quarter worth $27,000. Finally, Sit Investment Associates Inc. raised its holdings in shares of MFS Intermediate High Income Fund by 4.1% in the first quarter. Sit Investment Associates Inc. now owns 1,126,563 shares of the company’s stock worth $1,926,000 after buying an additional 44,477 shares during the last quarter. Hedge funds and other institutional investors own 6.85% of the company’s stock.

About MFS Intermediate High Income Fund

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.