Mfs Hi Yld (NYSE:CMU) Trading Up 0.4% – Here’s Why

Mfs Hi Yld (NYSE:CMU)’s share price was up 0.4% on Tuesday . The stock traded as high as $3.37 and last traded at $3.3650. Approximately 9,738 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 99,397 shares. The stock had previously closed at $3.35.

Mfs Hi Yld Price Performance

The firm has a 50 day moving average of $3.53 and a two-hundred day moving average of $3.53.

Mfs Hi Yld Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were paid a dividend of $0.0165 per share. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date was Thursday, May 21st.

Institutional Trading of Mfs Hi Yld

Several institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its stake in Mfs Hi Yld by 46.8% during the 4th quarter. Wells Fargo & Company MN now owns 9,609 shares of the company’s stock valued at $34,000 after purchasing an additional 3,063 shares during the last quarter. Cetera Investment Advisers boosted its stake in Mfs Hi Yld by 26.8% during the 2nd quarter. Cetera Investment Advisers now owns 25,746 shares of the company’s stock valued at $86,000 after purchasing an additional 5,445 shares during the last quarter. Citadel Advisors LLC boosted its stake in Mfs Hi Yld by 37.6% during the 3rd quarter. Citadel Advisors LLC now owns 29,161 shares of the company’s stock valued at $101,000 after purchasing an additional 7,969 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in Mfs Hi Yld during the 3rd quarter valued at $35,000. Finally, Thomas J. Herzfeld Advisors Inc. boosted its stake in Mfs Hi Yld by 2.2% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 558,611 shares of the company’s stock valued at $1,961,000 after purchasing an additional 12,171 shares during the last quarter. 32.39% of the stock is currently owned by hedge funds and other institutional investors.

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.