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

MFS High Yield Municipal Trust (NYSE:CMU) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 232,400 shares, a decline of 18.7% from the February 13th total of 285,800 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily volume of 58,100 shares, the days-to-cover ratio is presently 4.0 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CMU. Rivernorth Capital Management LLC grew its position in MFS High Yield Municipal Trust by 19.9% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,320,718 shares of the company’s stock valued at $4,840,000 after buying an additional 219,483 shares in the last quarter. Atria Wealth Solutions Inc. increased its position in shares of MFS High Yield Municipal Trust by 82.3% during the 4th quarter. Atria Wealth Solutions Inc. now owns 36,835 shares of the company’s stock valued at $130,000 after purchasing an additional 16,633 shares during the period. XTX Topco Ltd bought a new stake in shares of MFS High Yield Municipal Trust in the 3rd quarter worth $37,000. Noble Wealth Management PBC acquired a new stake in shares of MFS High Yield Municipal Trust in the fourth quarter valued at $71,000. Finally, Raymond James Financial Inc. bought a new position in MFS High Yield Municipal Trust during the fourth quarter valued at about $166,000. Institutional investors own 32.39% of the company’s stock.

MFS High Yield Municipal Trust Price Performance

NYSE CMU traded down $0.03 during trading hours on Tuesday, hitting $3.53. The company had a trading volume of 24,120 shares, compared to its average volume of 52,089. MFS High Yield Municipal Trust has a fifty-two week low of $3.20 and a fifty-two week high of $3.70. The business has a fifty day simple moving average of $3.55 and a 200-day simple moving average of $3.58.

MFS High Yield Municipal Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be issued a $0.0145 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date is Tuesday, March 18th.

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.