Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Shares Shorted: Short Interest Down 44.7% in September

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 15,329 shares, a decline of 44.7% from the August 31st total of 27,722 shares. Based on an average daily trading volume, of 24,694 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Federated Hermes Premier Municipal Income Fund

Several large investors have recently made changes to their positions in the business. Scarborough Advisors LLC bought a new stake in shares of Federated Hermes Premier Municipal Income Fund in the 1st quarter valued at $30,000. Integrated Wealth Concepts LLC bought a new position in Federated Hermes Premier Municipal Income Fund during the second quarter worth about $41,000. North Ground Capital acquired a new position in Federated Hermes Premier Municipal Income Fund in the second quarter valued at about $181,749. Susquehanna International Group LLP acquired a new position in Federated Hermes Premier Municipal Income Fund in the second quarter valued at about $213,000. Finally, Closed End Fund Advisors Inc. bought a new stake in shares of Federated Hermes Premier Municipal Income Fund in the fourth quarter worth about $288,000.

Federated Hermes Premier Municipal Income Fund Stock Performance

Shares of NYSE FMN remained flat at $9.83 during mid-day trading on Wednesday. 138,378 shares of the stock traded hands, compared to its average volume of 25,829. The firm’s fifty day moving average price is $10.83 and its two-hundred day moving average price is $11.07. Federated Hermes Premier Municipal Income Fund has a 12 month low of $9.77 and a 12 month high of $11.76.

Federated Hermes Premier Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Wednesday, September 23rd will be issued a dividend of $0.0450 per share. This represents a $0.54 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Wednesday, September 23rd.

Federated Hermes Premier Municipal Income Fund Company Profile

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 that is exempt from regular federal income tax. The fund pursues its objective primarily by investing in a portfolio of municipal securities issued by states, municipalities and other governmental entities in the United States.

The fund’s investments may include general obligation bonds, revenue bonds and other fixed-income securities used to finance public projects and services.