MFS High Yield Municipal Trust (NYSE:CMU – Get Free Report) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 14,700 shares, an increase of 93.4% from the June 30th total of 7,600 shares. Based on an average daily volume of 49,900 shares, the short-interest ratio is presently 0.3 days.
MFS High Yield Municipal Trust Stock Performance
Shares of NYSE:CMU traded up $0.02 during midday trading on Friday, hitting $3.50. 41,901 shares of the stock were exchanged, compared to its average volume of 56,252. The business’s 50-day moving average price is $3.40 and its 200 day moving average price is $3.33. MFS High Yield Municipal Trust has a 12 month low of $2.78 and a 12 month high of $3.53.
MFS High Yield Municipal Trust Increases Dividend
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Tuesday, July 16th will be paid a $0.0145 dividend. This is a positive change from MFS High Yield Municipal Trust’s previous monthly dividend of $0.01. This represents a $0.17 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date is Tuesday, July 16th.
Hedge Funds Weigh In On MFS High Yield Municipal Trust
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.
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