MFS High Yield Municipal Trust (NYSE:CMU – Get Free Report) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 14,700 shares, a growth of 93.4% from the June 30th total of 7,600 shares. Based on an average daily volume of 49,900 shares, the days-to-cover ratio is presently 0.3 days.
MFS High Yield Municipal Trust Stock Performance
NYSE:CMU traded up $0.02 on Friday, reaching $3.50. 41,901 shares of the stock traded hands, compared to its average volume of 37,595. The company’s 50 day moving average is $3.40 and its 200-day moving average is $3.33. MFS High Yield Municipal Trust has a 1-year low of $2.78 and a 1-year high of $3.53.
MFS High Yield Municipal Trust Increases Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 16th will be given a dividend of $0.0145 per share. This represents a $0.17 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Tuesday, July 16th. This is an increase from MFS High Yield Municipal Trust’s previous monthly dividend of $0.01.
Institutional Trading of MFS High Yield Municipal Trust
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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