MFS High Yield Municipal Trust (NYSE:CMU – Get Free Report) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 349,200 shares, a growth of 25.4% from the August 15th total of 278,500 shares. Based on an average daily volume of 72,400 shares, the short-interest ratio is presently 4.8 days.
MFS High Yield Municipal Trust Trading Down 0.3 %
Shares of NYSE:CMU traded down $0.01 on Monday, hitting $3.24. 38,404 shares of the company’s stock were exchanged, compared to its average volume of 68,714. MFS High Yield Municipal Trust has a 1-year low of $2.88 and a 1-year high of $3.40. The firm’s 50-day moving average is $3.28 and its 200 day moving average is $3.22.
MFS High Yield Municipal Trust Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th will be issued a $0.011 dividend. This represents a $0.13 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend is Tuesday, September 12th.
Insider Activity at MFS High Yield Municipal Trust
Institutional Investors Weigh In On MFS High Yield Municipal Trust
A number of institutional investors and hedge funds have recently bought and sold shares of CMU. Doyle Wealth Management purchased a new stake in MFS High Yield Municipal Trust in the first quarter valued at approximately $66,000. UBS Group AG raised its holdings in shares of MFS High Yield Municipal Trust by 5.5% in the first quarter. UBS Group AG now owns 459,430 shares of the company’s stock valued at $1,778,000 after buying an additional 24,080 shares during the last quarter. Rivernorth Capital Management LLC boosted its stake in shares of MFS High Yield Municipal Trust by 87.7% during the first quarter. Rivernorth Capital Management LLC now owns 1,137,238 shares of the company’s stock worth $4,401,000 after buying an additional 531,223 shares during the period. Guggenheim Capital LLC purchased a new position in shares of MFS High Yield Municipal Trust during the first quarter worth about $42,000. Finally, Robinson Capital Management LLC raised its stake in MFS High Yield Municipal Trust by 2.4% during the 1st quarter. Robinson Capital Management LLC now owns 715,718 shares of the company’s stock valued at $2,770,000 after acquiring an additional 17,006 shares during the last quarter. 32.85% of the stock is owned by hedge funds and other institutional investors.
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.
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