MFS High Income Municipal Trust (NYSE:CXE – Get Free Report) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 69,000 shares, an increase of 12.9% from the May 31st total of 61,100 shares. Based on an average daily trading volume, of 51,000 shares, the short-interest ratio is currently 1.4 days.
MFS High Income Municipal Trust Trading Up 1.1 %
Shares of CXE traded up $0.04 during midday trading on Wednesday, hitting $3.74. 25,754 shares of the company traded hands, compared to its average volume of 52,315. The stock has a 50-day moving average of $3.62 and a 200-day moving average of $3.59. MFS High Income Municipal Trust has a one year low of $2.95 and a one year high of $3.76.
MFS High Income Municipal Trust Increases Dividend
The business also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 16th will be given a dividend of $0.016 per share. The ex-dividend date is Tuesday, July 16th. This is a boost from MFS High Income Municipal Trust’s previous monthly dividend of $0.02. This represents a $0.19 annualized dividend and a dividend yield of 5.13%.
Institutional Investors Weigh In On MFS High Income Municipal Trust
MFS High Income Municipal Trust Company Profile
MFS High Income Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets. It primarily invests in municipal bonds and local general obligations of various sectors, such as multifamily, hospitals, care retirement, and investor-owned utilities.
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