MFS Intermediate High Income Fund (NYSE:CIF) Short Interest Up 18.2% in November

MFS Intermediate High Income Fund (NYSE:CIF) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 48,600 shares, an increase of 18.2% from the October 31st total of 41,100 shares. Based on an average daily volume of 68,700 shares, the days-to-cover ratio is presently 0.7 days.

MFS Intermediate High Income Fund Trading Up 0.6 %

Shares of NYSE CIF traded up $0.01 during mid-day trading on Friday, reaching $1.77. 60,176 shares of the company’s stock were exchanged, compared to its average volume of 78,148. The firm has a 50-day moving average price of $1.76 and a two-hundred day moving average price of $1.74. MFS Intermediate High Income Fund has a 52 week low of $1.62 and a 52 week high of $1.83.

MFS Intermediate High Income Fund Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.0149 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 10.10%. The ex-dividend date was Tuesday, November 12th.

Institutional Investors Weigh In On MFS Intermediate High Income Fund

A number of hedge funds have recently modified their holdings of CIF. Jane Street Group LLC purchased a new stake in shares of MFS Intermediate High Income Fund during the 3rd quarter valued at approximately $36,000. L.M. Kohn & Company bought a new stake in MFS Intermediate High Income Fund during the 3rd quarter valued at $28,000. Pin Oak Investment Advisors Inc. lifted its position in shares of 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 worth $180,000 after acquiring an additional 45,000 shares in the last quarter. Finally, Wolverine Asset Management LLC boosted its holdings in shares of MFS Intermediate High Income Fund by 146.0% in the third quarter. Wolverine Asset Management LLC now owns 47,898 shares of the company’s stock worth $85,000 after acquiring an additional 28,430 shares during the period. Institutional investors own 6.85% of the company’s stock.

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.