Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Short Interest Up 138.0% in November

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 16,900 shares, an increase of 138.0% from the November 15th total of 7,100 shares. Based on an average daily trading volume, of 47,100 shares, the days-to-cover ratio is currently 0.4 days.

Federated Hermes Premier Municipal Income Fund Stock Performance

FMN stock traded down $0.05 during trading hours on Thursday, reaching $11.38. The stock had a trading volume of 33,287 shares, compared to its average volume of 32,417. The stock has a 50-day simple moving average of $11.60 and a 200 day simple moving average of $11.67. Federated Hermes Premier Municipal Income Fund has a fifty-two week low of $10.60 and a fifty-two week high of $12.53.

Federated Hermes Premier Municipal Income Fund Announces Dividend

The company also recently announced a — dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 23rd will be paid a $0.04 dividend. The ex-dividend date is Monday, December 23rd. This represents a yield of 4%.

Insider Activity at Federated Hermes Premier Municipal Income Fund

In other Federated Hermes Premier Municipal Income Fund news, major shareholder Saba Capital Management, L.P. sold 523,323 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $12.67, for a total value of $6,630,502.41. Following the completion of the transaction, the insider now directly owns 1,111,886 shares in the company, valued at $14,087,595.62. This trade represents a 32.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have sold 524,791 shares of company stock valued at $6,649,002.

Hedge Funds Weigh In On Federated Hermes Premier Municipal Income Fund

A number of institutional investors have recently bought and sold shares of FMN. Quarry LP acquired a new position in shares of Federated Hermes Premier Municipal Income Fund in the third quarter valued at $976,000. Avior Wealth Management LLC boosted its holdings in shares of Federated Hermes Premier Municipal Income Fund by 50.1% during the 3rd quarter. Avior Wealth Management LLC now owns 5,534 shares of the company’s stock worth $69,000 after buying an additional 1,847 shares during the period. XML Financial LLC grew its stake in Federated Hermes Premier Municipal Income Fund by 11.2% in the 3rd quarter. XML Financial LLC now owns 25,830 shares of the company’s stock valued at $321,000 after buying an additional 2,600 shares during the last quarter. Capital Investment Advisors LLC raised its holdings in Federated Hermes Premier Municipal Income Fund by 3.2% in the 3rd quarter. Capital Investment Advisors LLC now owns 32,213 shares of the company’s stock valued at $400,000 after acquiring an additional 1,013 shares during the period. Finally, Whitebox Advisors LLC raised its holdings in Federated Hermes Premier Municipal Income Fund by 142.7% in the 2nd quarter. Whitebox Advisors LLC now owns 95,981 shares of the company’s stock valued at $1,097,000 after acquiring an additional 56,431 shares during the period.

About Federated Hermes Premier Municipal Income Fund

Federated Premier Municipal Income Fund is a closed-ended fixed income mutual fund launched by Federated Investors, Inc The fund is managed by Federated Investment Management Company. It invests in fixed income markets of United States. The fund primarily invests in tax-exempt municipal bonds of GO state, GO local, special tax, hospital, transportation, pre-refunded, senior care, water and sewer, education, electric and gas, and public power sectors.