Mfs Hi Yld (NYSE:CMU) Stock Price Down 0% – Time to Sell?

Mfs Hi Yld (NYSE:CMU)’s stock price fell 0% on Monday . The company traded as low as $3.48 and last traded at $3.4890. 138,447 shares changed hands during trading, an increase of 64% from the average session volume of 84,542 shares. The stock had previously closed at $3.49.

Mfs Hi Yld Price Performance

The stock’s 50-day moving average price is $3.50 and its 200-day moving average price is $3.41.

Mfs Hi Yld Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.0165 per share. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Tuesday, December 16th.

Institutional Investors Weigh In On Mfs Hi Yld

Several institutional investors and hedge funds have recently made changes to their positions in the business. Nomura Holdings Inc. bought a new stake in Mfs Hi Yld in the third quarter worth approximately $35,000. Citadel Advisors LLC grew its position in shares of Mfs Hi Yld by 37.6% during the 3rd quarter. Citadel Advisors LLC now owns 29,161 shares of the company’s stock worth $101,000 after buying an additional 7,969 shares during the period. City of London Investment Management Co. Ltd. increased its stake in shares of Mfs Hi Yld by 11.9% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 518,249 shares of the company’s stock valued at $1,798,000 after acquiring an additional 55,000 shares in the last quarter. Bulldog Investors LLP lifted its position in shares of Mfs Hi Yld by 12.1% during the 3rd quarter. Bulldog Investors LLP now owns 2,994,960 shares of the company’s stock valued at $10,393,000 after acquiring an additional 323,923 shares during the period. Finally, Bank of America Corp DE boosted its stake in Mfs Hi Yld by 55.5% during the third quarter. Bank of America Corp DE now owns 147,588 shares of the company’s stock worth $512,000 after acquiring an additional 52,695 shares in the last quarter. Institutional investors own 32.39% of the company’s stock.

About Mfs Hi Yld

MFS High Income Municipal Trust (NYSE:CMU) is a closed-end management investment company that seeks to provide total return through a combination of current income exempt from U.S. federal income tax and capital appreciation. The fund primarily invests in high-yield municipal securities, focusing on non-investment-grade and lower-rated municipal bonds across a variety of sectors. By targeting issuers with attractive yield characteristics, the trust aims to deliver enhanced tax-exempt income to its shareholders.

The investment strategy of the fund emphasizes in-depth credit analysis, sector allocation and risk management.