Short Interest in MFS High Yield Municipal Trust (NYSE:CMU) Expands By 131.3%

MFS High Yield Municipal Trust (NYSE:CMU - Get Free Report) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 162,800 shares, an increase of 131.3% from the November 30th total of 70,400 shares. Based on an average trading volume of 61,600 shares, the short-interest ratio is presently 2.6 days.

MFS High Yield Municipal Trust Trading Up 0.3 %

Shares of MFS High Yield Municipal Trust stock traded up $0.01 on Friday, hitting $3.51. The company had a trading volume of 68,158 shares, compared to its average volume of 56,141. MFS High Yield Municipal Trust has a 52 week low of $3.20 and a 52 week high of $3.70. The business has a 50-day simple moving average of $3.58 and a 200-day simple moving average of $3.55.

MFS High Yield Municipal Trust Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.0145 per share. The ex-dividend date is Tuesday, December 17th.

Hedge Funds Weigh In On MFS High Yield Municipal Trust

Several hedge funds have recently modified their holdings of the company. Rivernorth Capital Management LLC boosted its stake in MFS High Yield Municipal Trust by 19.9% during the third 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. XTX Topco Ltd acquired a new stake in MFS High Yield Municipal Trust in the 3rd quarter valued at about $37,000. Ackerman Capital Advisors LLC bought a new position in shares of MFS High Yield Municipal Trust during the 3rd quarter valued at about $70,000. International Assets Investment Management LLC grew its stake in shares of MFS High Yield Municipal Trust by 270.9% in the 3rd quarter. International Assets Investment Management LLC now owns 46,398 shares of the company's stock worth $170,000 after purchasing an additional 33,890 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of MFS High Yield Municipal Trust in the 2nd quarter worth approximately $42,000. 32.39% of the stock is currently owned by institutional investors and hedge funds.

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.