MFS Intermediate High Income Fund (NYSE:CIF) Short Interest Down 82.5% in April

MFS Intermediate High Income Fund (NYSE:CIF) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totaling 965 shares, a decline of 82.5% from the April 15th total of 5,524 shares. Based on an average daily trading volume, of 63,656 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

MFS Intermediate High Income Fund Stock Down 0.9%

NYSE CIF traded down $0.01 during trading hours on Tuesday, reaching $1.62. The company’s stock had a trading volume of 114,281 shares, compared to its average volume of 57,727. The firm’s 50-day moving average price is $1.64 and its 200-day moving average price is $1.69. MFS Intermediate High Income Fund has a 1 year low of $1.57 and a 1 year high of $1.82.

MFS Intermediate High Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be issued a $0.0142 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a c) dividend on an annualized basis and a yield of 10.6%. This is a boost from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. lifted its holdings in MFS Intermediate High Income Fund by 25.0% in the 4th 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 in the last quarter. Pin Oak Investment Advisors Inc. lifted its holdings in MFS Intermediate High Income Fund by 107.6% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 165,900 shares of the company’s stock worth $293,000 after purchasing an additional 86,000 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in MFS Intermediate High Income Fund in the 4th quarter worth approximately $31,000. 6.85% of the stock is owned by hedge funds and other institutional investors.

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.