MFS Investment Grade Municipal Trust (NYSE:CXH - Get Free Report) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 31,200 shares, an increase of 5.1% from the January 15th total of 29,700 shares. Based on an average trading volume of 19,500 shares, the short-interest ratio is currently 1.6 days.
Institutional Trading of MFS Investment Grade Municipal Trust
Several hedge funds and other institutional investors have recently bought and sold shares of CXH. Rivernorth Capital Management LLC raised its holdings in MFS Investment Grade Municipal Trust by 17.7% in the third quarter. Rivernorth Capital Management LLC now owns 402,574 shares of the company's stock worth $3,309,000 after purchasing an additional 60,569 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of MFS Investment Grade Municipal Trust by 45.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 158,542 shares of the company's stock worth $1,267,000 after acquiring an additional 49,420 shares in the last quarter. Capital Investment Advisors LLC raised its stake in shares of MFS Investment Grade Municipal Trust by 4.2% during the 3rd quarter. Capital Investment Advisors LLC now owns 36,362 shares of the company's stock worth $299,000 after acquiring an additional 1,462 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in MFS Investment Grade Municipal Trust in the fourth quarter valued at approximately $230,000. Finally, Bulldog Investors LLP boosted its stake in MFS Investment Grade Municipal Trust by 58.2% in the fourth quarter. Bulldog Investors LLP now owns 710,459 shares of the company's stock valued at $5,679,000 after acquiring an additional 261,451 shares in the last quarter.
MFS Investment Grade Municipal Trust Trading Up 0.1 %
Shares of NYSE:CXH traded up $0.01 during trading hours on Friday, hitting $8.08. The company's stock had a trading volume of 6,839 shares, compared to its average volume of 16,204. MFS Investment Grade Municipal Trust has a 52 week low of $7.30 and a 52 week high of $8.36. The firm's fifty day moving average price is $8.00 and its 200 day moving average price is $8.10.
MFS Investment Grade Municipal Trust Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a $0.0265 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date is Tuesday, February 18th.
About MFS Investment Grade Municipal Trust
(
Get Free Report)
MFS Investment Grade Municipal 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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