MFS Intermediate High Income Fund (NYSE:CIF) Short Interest Update

MFS Intermediate High Income Fund (NYSE:CIF) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 32,400 shares, an increase of 113.2% from the February 28th total of 15,200 shares. Based on an average trading volume of 113,200 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Trading of MFS Intermediate High Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in CIF. Sit Investment Associates Inc. grew its stake in MFS Intermediate High Income Fund by 82.3% in the 4th quarter. Sit Investment Associates Inc. now owns 1,082,086 shares of the company’s stock valued at $1,872,000 after acquiring an additional 488,365 shares during the period. Pin Oak Investment Advisors Inc. lifted its holdings in MFS Intermediate High Income Fund by 79.5% during the third quarter. Pin Oak Investment Advisors Inc. now owns 101,600 shares of the company’s stock valued at $180,000 after purchasing an additional 45,000 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of MFS Intermediate High Income Fund in the fourth quarter valued at about $66,000. Jane Street Group LLC purchased a new stake in shares of MFS Intermediate High Income Fund during the third quarter worth about $36,000. Finally, L.M. Kohn & Company acquired a new position in shares of MFS Intermediate High Income Fund during the 3rd quarter worth about $28,000. 6.85% of the stock is currently owned by hedge funds and other institutional investors.

MFS Intermediate High Income Fund Price Performance

Shares of NYSE:CIF remained flat at $1.71 during trading on Friday. The stock had a trading volume of 61,066 shares, compared to its average volume of 69,635. MFS Intermediate High Income Fund has a 52-week low of $1.62 and a 52-week high of $1.83. The stock has a fifty day simple moving average of $1.73 and a 200-day simple moving average of $1.74.

MFS Intermediate High Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be issued a $0.0147 dividend. This is a positive change from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01. This represents a $0.18 annualized dividend and a yield of 10.33%. The ex-dividend date is Tuesday, March 18th.

About MFS Intermediate High Income Fund

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.