MFS Intermediate High Income Fund (NYSE:CIF) Sees Significant Increase in Short Interest

MFS Intermediate High Income Fund (NYSE:CIF) saw a large increase in short interest in September. As of September 30th, there was short interest totalling 49,700 shares, an increase of 276.5% from the September 15th total of 13,200 shares. Based on an average trading volume of 53,000 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On MFS Intermediate High Income Fund

An institutional investor recently raised its position in MFS Intermediate High Income Fund stock. Wolverine Asset Management LLC increased its position in MFS Intermediate High Income Fund (NYSE:CIF) by 6,389.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,468 shares of the company’s stock after acquiring an additional 19,168 shares during the period. Wolverine Asset Management LLC owned approximately 0.10% of MFS Intermediate High Income Fund worth $33,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 6.85% of the company’s stock.

MFS Intermediate High Income Fund Price Performance

MFS Intermediate High Income Fund stock remained flat at $1.79 during mid-day trading on Friday. 20,319 shares of the company’s stock were exchanged, compared to its average volume of 47,166. MFS Intermediate High Income Fund has a 1 year low of $1.47 and a 1 year high of $1.83. The firm’s fifty day moving average is $1.77 and its 200 day moving average is $1.72.

MFS Intermediate High Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a $0.015 dividend. This is an increase from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01. This represents a $0.18 dividend on an annualized basis and a yield of 10.06%. The ex-dividend date of this dividend is Tuesday, October 15th.

MFS Intermediate High Income Fund Company Profile

MFS Intermediate High Income Fund is a closed 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 high income debt instruments. The fund benchmarks the performance of its portfolio against Barclays U.S.