Short Interest in MFS Intermediate High Income Fund (NYSE:CIF) Rises By 281.1%

MFS Intermediate High Income Fund (NYSE:CIF) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 14,465 shares, an increase of 281.1% from the May 31st total of 3,796 shares. Based on an average daily volume of 115,592 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sit Investment Associates Inc. increased 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 acquiring 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% during the third quarter. Pin Oak Investment Advisors Inc. now owns 165,900 shares of the company’s stock valued at $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 during the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 6.85% of the company’s stock.

MFS Intermediate High Income Fund Stock Performance

CIF stock remained flat at $1.60 during mid-day trading on Friday. The company’s stock had a trading volume of 63,396 shares, compared to its average volume of 77,608. The firm has a 50-day moving average of $1.62 and a 200 day moving average of $1.66. MFS Intermediate High Income Fund has a 52 week low of $1.57 and a 52 week high of $1.82.

MFS Intermediate High Income Fund Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were paid a dividend of $0.0141 per share. This represents a c) annualized dividend and a dividend yield of 10.6%. The ex-dividend date of this dividend was Monday, June 8th.

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.