MFS High Yield Municipal Trust (NYSE:CMU – Get Free Report) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 10,100 shares, a drop of 11.4% from the May 31st total of 11,400 shares. Based on an average trading volume of 49,300 shares, the short-interest ratio is presently 0.2 days.
Hedge Funds 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 CMU. Stratos Wealth Partners LTD. purchased a new position in shares of MFS High Yield Municipal Trust in the fourth quarter worth approximately $68,000. Blue Bell Private Wealth Management LLC raised its stake in MFS High Yield Municipal Trust by 178.9% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 16,547 shares of the company’s stock valued at $55,000 after purchasing an additional 10,615 shares during the period. Wolverine Asset Management LLC purchased a new stake in shares of MFS High Yield Municipal Trust in the fourth quarter valued at $72,000. WMG Financial Advisors LLC acquired a new stake in shares of MFS High Yield Municipal Trust in the fourth quarter worth $66,000. Finally, City of London Investment Management Co. Ltd. grew its holdings in shares of MFS High Yield Municipal Trust by 39.1% during the fourth quarter. City of London Investment Management Co. Ltd. now owns 986,236 shares of the company’s stock valued at $3,264,000 after buying an additional 277,145 shares in the last quarter. 32.39% of the stock is owned by institutional investors.
MFS High Yield Municipal Trust Stock Performance
Shares of CMU traded up $0.01 during mid-day trading on Wednesday, reaching $3.45. 23,940 shares of the company’s stock traded hands, compared to its average volume of 58,259. The business’s 50-day moving average price is $3.33 and its 200-day moving average price is $3.31. MFS High Yield Municipal Trust has a 12 month low of $2.78 and a 12 month high of $3.45.
MFS High Yield Municipal Trust Increases Dividend
About MFS High Yield Municipal Trust
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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