Short Interest in MFS Intermediate High Income Fund (NYSE:CIF) Increases By 209.7%

MFS Intermediate High Income Fund (NYSE:CIF) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 58,659 shares, an increase of 209.7% from the January 29th total of 18,942 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 45,471 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 45,471 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On MFS Intermediate High Income Fund

A number of hedge funds have recently bought and sold shares of the business. Sit Investment Associates Inc. lifted its position 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 worth $2,468,000 after purchasing an additional 290,356 shares during the last quarter. Jane Street Group LLC bought a new position in shares of MFS Intermediate High Income Fund during the fourth quarter valued at approximately $31,000. Pin Oak Investment Advisors Inc. grew its stake in MFS Intermediate High Income Fund by 107.6% during the 3rd 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. Finally, Kovack Advisors Inc. bought a new stake in MFS Intermediate High Income Fund in the 2nd quarter valued at about $27,000. Institutional investors and hedge funds own 6.85% of the company’s stock.

MFS Intermediate High Income Fund Trading Up 0.3%

Shares of CIF traded up $0.01 during mid-day trading on Thursday, reaching $1.70. 9,144 shares of the company’s stock were exchanged, compared to its average volume of 47,758. The company has a 50-day simple moving average of $1.71 and a two-hundred day simple moving average of $1.73. 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 announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be issued a dividend of $0.0146 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date is Tuesday, February 17th. This is an increase from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01.

About MFS Intermediate High Income Fund

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.