MFS Intermediate High Income Fund (NYSE:CIF) Short Interest Update

MFS Intermediate High Income Fund (NYSE:CIF) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 2,991 shares, a growth of 209.9% from the April 30th total of 965 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 62,006 shares, the short-interest ratio is currently 0.0 days.

MFS Intermediate High Income Fund Trading Down 0.3%

CIF opened at $1.62 on Friday. The firm’s 50 day moving average is $1.62 and its 200-day moving average is $1.68. MFS Intermediate High Income Fund has a 52-week low of $1.57 and a 52-week high of $1.82.

MFS Intermediate High Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were paid a dividend of $0.0142 per share. This is an increase from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date was Tuesday, May 19th.

Institutional Trading of MFS Intermediate High Income Fund

A number of hedge funds have recently made changes to their positions in the company. Sit Investment Associates Inc. raised its stake in shares of MFS Intermediate High Income Fund by 25.0% during the fourth quarter. Sit Investment Associates Inc. now owns 1,452,035 shares of the company’s stock valued at $2,468,000 after purchasing an additional 290,356 shares during the period. Jane Street Group LLC purchased a new stake in shares of MFS Intermediate High Income Fund during the fourth quarter valued at approximately $31,000. Finally, Pin Oak Investment Advisors Inc. increased its stake in shares of MFS Intermediate High Income Fund by 107.6% in the third quarter. Pin Oak Investment Advisors Inc. now owns 165,900 shares of the company’s stock worth $293,000 after buying an additional 86,000 shares during the last quarter. Hedge funds and other institutional investors own 6.85% of the company’s stock.

MFS Intermediate High Income Fund Company Profile

MFS Intermediate High Income Fund Inc (NYSE: CIF) is a closed-end management investment company advised by MFS Investment Management, one of the oldest global asset managers headquartered in Boston, Massachusetts. The fund seeks to provide current income and capital appreciation by allocating assets primarily to intermediate‐duration debt instruments. It trades on the New York Stock Exchange under the symbol CIF and offers investors exposure to a diversified portfolio of fixed-income securities.

The fund’s investment strategy emphasizes intermediate maturities, generally targeting bonds and loans with durations ranging from two to seven years.