Short Interest in Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Declines By 18.3%

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 13,247 shares, a decrease of 18.3% from the February 26th total of 16,217 shares. Based on an average daily trading volume, of 17,210 shares, the short-interest ratio is presently 0.8 days.

Federated Hermes Premier Municipal Income Fund Price Performance

Shares of FMN stock traded up $0.01 during trading hours on Monday, reaching $10.66. The company had a trading volume of 42,973 shares, compared to its average volume of 28,582. Federated Hermes Premier Municipal Income Fund has a twelve month low of $10.11 and a twelve month high of $11.38. The stock’s fifty day simple moving average is $11.18 and its 200 day simple moving average is $11.12.

Federated Hermes Premier Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 23rd will be given a $0.045 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a c) annualized dividend and a yield of 5.1%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FMN. Pathstone Holdings LLC boosted its stake in shares of Federated Hermes Premier Municipal Income Fund by 30.8% in the third quarter. Pathstone Holdings LLC now owns 339,848 shares of the company’s stock valued at $3,752,000 after purchasing an additional 80,046 shares during the period. Guggenheim Capital LLC increased its stake in Federated Hermes Premier Municipal Income Fund by 33.1% during the 2nd quarter. Guggenheim Capital LLC now owns 275,617 shares of the company’s stock worth $2,933,000 after buying an additional 68,566 shares during the period. City of London Investment Management Co. Ltd. lifted its holdings in Federated Hermes Premier Municipal Income Fund by 105.0% in 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 in the last quarter. Riverbridge Partners LLC lifted its holdings 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 worth $1,397,000 after buying an additional 32,478 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. purchased a new position in Federated Hermes Premier Municipal Income Fund in the 4th quarter valued at about $330,000.

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.