MFS High Yield Municipal Trust (NYSE:CMU) Short Interest Down 78.3% in April

MFS High Yield Municipal Trust (NYSE:CMU - Get Free Report) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 53,300 shares, a decline of 78.3% from the March 31st total of 245,400 shares. Based on an average trading volume of 62,000 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.2% of the shares of the stock are short sold.

MFS High Yield Municipal Trust Stock Performance

Shares of MFS High Yield Municipal Trust stock traded up $0.03 during trading on Friday, hitting $3.33. The stock had a trading volume of 45,546 shares, compared to its average volume of 54,466. MFS High Yield Municipal Trust has a 1 year low of $3.18 and a 1 year high of $3.70. The stock has a 50 day simple moving average of $3.47 and a 200 day simple moving average of $3.53.

MFS High Yield Municipal Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $0.0145 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.17 dividend on an annualized basis and a yield of 5.23%.

Institutional Investors Weigh In On MFS High Yield Municipal Trust

Several large investors have recently made changes to their positions in the company. CX Institutional acquired a new position in shares of MFS High Yield Municipal Trust during the 1st quarter valued at about $49,000. Bulldog Investors LLP lifted its position in MFS High Yield Municipal Trust by 73.0% during the 4th quarter. Bulldog Investors LLP now owns 2,345,443 shares of the company's stock worth $8,280,000 after acquiring an additional 989,618 shares during the last quarter. Almitas Capital LLC boosted its holdings in MFS High Yield Municipal Trust by 143.6% during the fourth quarter. Almitas Capital LLC now owns 344,105 shares of the company's stock valued at $1,211,000 after acquiring an additional 202,845 shares during the period. XTX Topco Ltd grew its position in shares of MFS High Yield Municipal Trust by 136.1% in the fourth quarter. XTX Topco Ltd now owns 23,845 shares of the company's stock valued at $84,000 after purchasing an additional 13,746 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of MFS High Yield Municipal Trust in the fourth quarter worth about $166,000. Institutional investors own 32.39% of the company's stock.

MFS High Yield Municipal Trust Company Profile

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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