Short Interest in MFS Intermediate High Income Fund (NYSE:CIF) Grows By 774.5%

MFS Intermediate High Income Fund (NYSE:CIF) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 18,942 shares, a growth of 774.5% from the January 15th total of 2,166 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 71,680 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 71,680 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On MFS Intermediate High Income Fund

An institutional investor recently raised its position in MFS Intermediate High Income Fund stock. Pin Oak Investment Advisors Inc. increased its stake in MFS Intermediate High Income Fund (NYSE:CIF) by 107.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 165,900 shares of the company’s stock after acquiring an additional 86,000 shares during the period. Pin Oak Investment Advisors Inc. owned approximately 0.92% of MFS Intermediate High Income Fund worth $293,000 as of its most recent SEC filing. Institutional investors and hedge funds own 6.85% of the company’s stock.

MFS Intermediate High Income Fund Stock Up 0.3%

CIF stock traded up $0.01 during trading on Tuesday, reaching $1.72. 37,113 shares of the company were exchanged, compared to its average volume of 50,694. The stock’s 50 day moving average price is $1.72 and its 200 day moving average price is $1.74. MFS Intermediate High Income Fund has a 52-week low of $1.52 and a 52-week high of $1.82.

MFS Intermediate High Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be paid a dividend of $0.0146 per share. This is a positive change from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 10.2%.

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.