Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Short Interest Down 48.1% in December

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 11,173 shares, a decline of 48.1% from the December 15th total of 21,527 shares. Based on an average daily trading volume, of 35,169 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 35,169 shares, the days-to-cover ratio is currently 0.3 days.

Federated Hermes Premier Municipal Income Fund Price Performance

Federated Hermes Premier Municipal Income Fund stock remained flat at $11.22 during midday trading on Thursday. The company had a trading volume of 75,846 shares, compared to its average volume of 29,735. The stock’s fifty day simple moving average is $11.13 and its two-hundred day simple moving average is $10.92. Federated Hermes Premier Municipal Income Fund has a 12-month low of $10.11 and a 12-month high of $11.38.

Federated Hermes Premier Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Friday, January 23rd will be paid a dividend of $0.045 per share. The ex-dividend date of this dividend is Friday, January 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%.

Institutional Trading of Federated Hermes Premier Municipal Income Fund

Hedge funds have recently added to or reduced their stakes in the company. Matisse Capital acquired a new position in shares of Federated Hermes Premier Municipal Income Fund in the second quarter worth about $1,371,000. Pathstone Holdings LLC raised its holdings in Federated Hermes Premier Municipal Income Fund by 30.8% in the 3rd quarter. Pathstone Holdings LLC now owns 339,848 shares of the company’s stock worth $3,752,000 after purchasing an additional 80,046 shares during the period. Guggenheim Capital LLC boosted its position in Federated Hermes Premier Municipal Income Fund by 33.1% during the second quarter. Guggenheim Capital LLC now owns 275,617 shares of the company’s stock worth $2,933,000 after purchasing an additional 68,566 shares in the last quarter. City of London Investment Management Co. Ltd. raised its stake in shares of Federated Hermes Premier Municipal Income Fund by 105.0% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 71,605 shares of the company’s stock worth $791,000 after buying an additional 36,680 shares during the period. Finally, Riverbridge Partners LLC grew its stake in Federated Hermes Premier Municipal Income Fund by 34.8% in the 4th quarter. Riverbridge Partners LLC now owns 125,699 shares of the company’s stock valued at $1,397,000 after acquiring an additional 32,478 shares during the period.

About Federated Hermes Premier Municipal Income Fund

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) is a closed-end management investment company that seeks to provide a high level of current income exempt from regular federal income tax, consistent with the preservation of capital. The fund primarily invests in a diversified portfolio of municipal securities, including investment-grade bonds, pre-refunded municipal obligations, variable rate demand obligations and related instruments. It may also allocate a portion of its assets to cash equivalents and repurchase agreements for liquidity and duration management.

The fund’s portfolio emphasizes quality and creditworthiness, focusing on sectors such as transportation, utilities, education and healthcare.