MFS High Yield Municipal Trust (NYSE:CMU) Short Interest Update

MFS High Yield Municipal Trust (NYSE:CMU) saw a large growth in short interest in December. As of December 15th, there was short interest totalling 162,800 shares, a growth of 131.3% from the November 30th total of 70,400 shares. Based on an average daily volume of 61,600 shares, the short-interest ratio is currently 2.6 days.

MFS High Yield Municipal Trust Trading Up 0.3 %

Shares of CMU opened at $3.51 on Friday. MFS High Yield Municipal Trust has a 52-week low of $3.20 and a 52-week high of $3.70. The company has a 50-day simple moving average of $3.57 and a 200-day simple moving average of $3.56.

MFS High Yield Municipal Trust Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders 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.

Institutional Investors Weigh In On MFS High Yield Municipal Trust

Institutional investors have recently modified their holdings of the company. XTX Topco Ltd acquired a new position in MFS High Yield Municipal Trust during the third quarter worth $37,000. Sanctuary Advisors LLC purchased a new position in shares of MFS High Yield Municipal Trust in the second quarter valued at $42,000. Ackerman Capital Advisors LLC purchased a new stake in shares of MFS High Yield Municipal Trust in the 3rd quarter worth about $70,000. Blue Bell Private Wealth Management LLC boosted its position in shares of MFS High Yield Municipal Trust by 137.5% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 39,301 shares of the company’s stock worth $135,000 after buying an additional 22,754 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in MFS High Yield Municipal Trust by 270.9% in the 3rd quarter. International Assets Investment Management LLC now owns 46,398 shares of the company’s stock valued at $170,000 after acquiring an additional 33,890 shares during the last quarter. Hedge funds and other institutional investors own 32.39% of the company’s stock.

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.