Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Short Interest Update

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) was the recipient of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 10,000 shares, an increase of 61.3% from the January 31st total of 6,200 shares. Based on an average daily volume of 39,600 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Federated Hermes Premier Municipal Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of FMN. Signaturefd LLC acquired a new position in shares of Federated Hermes Premier Municipal Income Fund during the 4th quarter worth about $45,000. Avior Wealth Management LLC lifted its stake in Federated Hermes Premier Municipal Income Fund by 50.1% during the third quarter. Avior Wealth Management LLC now owns 5,534 shares of the company’s stock worth $69,000 after purchasing an additional 1,847 shares during the last quarter. HighTower Advisors LLC acquired a new position in Federated Hermes Premier Municipal Income Fund in the fourth quarter valued at approximately $201,000. Wolverine Asset Management LLC increased its stake in Federated Hermes Premier Municipal Income Fund by 21,614.0% in the fourth quarter. Wolverine Asset Management LLC now owns 21,714 shares of the company’s stock valued at $237,000 after purchasing an additional 21,614 shares during the last quarter. Finally, CF Capital LLC acquired a new stake in Federated Hermes Premier Municipal Income Fund during the fourth quarter worth approximately $257,000.

Federated Hermes Premier Municipal Income Fund Price Performance

NYSE FMN traded down $0.12 during trading hours on Tuesday, hitting $11.17. 21,937 shares of the company were exchanged, compared to its average volume of 37,830. The company has a 50 day moving average of $11.07 and a two-hundred day moving average of $11.52. Federated Hermes Premier Municipal Income Fund has a 52-week low of $10.78 and a 52-week high of $12.53.

Federated Hermes Premier Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 21st were issued a $0.04 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.30%.

About Federated Hermes Premier Municipal Income Fund

Federated Premier Municipal Income Fund is a closed-ended fixed income mutual fund launched by Federated Investors, Inc The fund is managed by Federated Investment Management Company. It invests in fixed income markets of United States. The fund primarily invests in tax-exempt municipal bonds of GO state, GO local, special tax, hospital, transportation, pre-refunded, senior care, water and sewer, education, electric and gas, and public power sectors.