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

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rivernorth Capital Management LLC boosted its position in MFS High Yield Municipal Trust by 19.9% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,320,718 shares of the company’s stock valued at $4,840,000 after purchasing an additional 219,483 shares during the period. XTX Topco Ltd acquired a new position in MFS High Yield Municipal Trust during the 3rd quarter valued at approximately $37,000. Ackerman Capital Advisors LLC acquired a new position in MFS High Yield Municipal Trust during the 3rd quarter valued at approximately $70,000. International Assets Investment Management LLC boosted its position in MFS High Yield Municipal Trust by 270.9% during the 3rd quarter. International Assets Investment Management LLC now owns 46,398 shares of the company’s stock valued at $170,000 after purchasing an additional 33,890 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in MFS High Yield Municipal Trust during the 2nd quarter valued at approximately $42,000. Institutional investors and hedge funds own 32.39% of the company’s stock.

MFS High Yield Municipal Trust Price Performance

Shares of NYSE CMU traded down $0.04 during trading on Friday, reaching $3.60. The stock had a trading volume of 17,476 shares, compared to its average volume of 54,929. MFS High Yield Municipal Trust has a one year low of $3.20 and a one year high of $3.70. The firm’s 50 day moving average price is $3.60 and its two-hundred 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.

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.