MFS Investment Grade Municipal Trust (NYSE:CXH) Short Interest Down 56.3% in February

MFS Investment Grade Municipal Trust (NYSE:CXH) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 14,300 shares, a decline of 56.3% from the February 13th total of 32,700 shares. Based on an average daily trading volume, of 17,300 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the shares of the company are short sold.

MFS Investment Grade Municipal Trust Trading Down 0.1 %

CXH opened at $8.05 on Thursday. MFS Investment Grade Municipal Trust has a fifty-two week low of $7.30 and a fifty-two week high of $8.36. The firm’s fifty day moving average price is $8.04 and its two-hundred day moving average price is $8.10.

MFS Investment Grade Municipal Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.0275 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.33 dividend on an annualized basis and a yield of 4.10%. This is an increase from MFS Investment Grade Municipal Trust’s previous monthly dividend of $0.03.

Institutional Investors Weigh In On MFS Investment Grade Municipal Trust

A number of institutional investors have recently bought and sold shares of the business. LPL Financial LLC boosted its stake in MFS Investment Grade Municipal Trust by 52.0% during the fourth quarter. LPL Financial LLC now owns 18,137 shares of the company’s stock worth $145,000 after buying an additional 6,201 shares in the last quarter. Noble Wealth Management PBC acquired a new stake in shares of MFS Investment Grade Municipal Trust in the 4th quarter valued at $53,000. Icon Advisers Inc. Co. boosted its stake in shares of MFS Investment Grade Municipal Trust by 3.3% in the 4th quarter. Icon Advisers Inc. Co. now owns 244,295 shares of the company’s stock valued at $1,952,000 after purchasing an additional 7,777 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of MFS Investment Grade Municipal Trust by 41.0% in the 4th quarter. Bank of New York Mellon Corp now owns 69,402 shares of the company’s stock valued at $555,000 after purchasing an additional 20,186 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. boosted its stake in shares of MFS Investment Grade Municipal Trust by 36.5% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 97,088 shares of the company’s stock valued at $776,000 after purchasing an additional 25,965 shares in the last quarter.

About MFS Investment Grade Municipal Trust

MFS Investment Grade Municipal 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.