MFS Investment Grade Municipal Trust (NYSE:CXH) Short Interest Update

MFS Investment Grade Municipal Trust (NYSE:CXH) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 53,100 shares, an increase of 136.0% from the October 31st total of 22,500 shares. Based on an average trading volume of 20,400 shares, the short-interest ratio is currently 2.6 days.

MFS Investment Grade Municipal Trust Stock Up 0.4 %

NYSE:CXH traded up $0.03 on Friday, reaching $8.24. The company’s stock had a trading volume of 18,265 shares, compared to its average volume of 19,852. MFS Investment Grade Municipal Trust has a 1-year low of $7.18 and a 1-year high of $8.31. The business’s 50-day moving average price is $8.15 and its two-hundred day moving average price is $7.99.

MFS Investment Grade Municipal Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.0265 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.32 annualized dividend and a dividend yield of 3.86%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Blue Bell Private Wealth Management LLC boosted its position in MFS Investment Grade Municipal Trust by 233.0% during the second quarter. Blue Bell Private Wealth Management LLC now owns 4,859 shares of the company’s stock valued at $38,000 after purchasing an additional 3,400 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in MFS Investment Grade Municipal Trust during the second quarter valued at approximately $236,000. Capital Investment Advisors LLC boosted its position in MFS Investment Grade Municipal Trust by 4.2% during the third quarter. Capital Investment Advisors LLC now owns 36,362 shares of the company’s stock valued at $299,000 after purchasing an additional 1,462 shares during the last quarter. Rothschild Investment LLC acquired a new position in MFS Investment Grade Municipal Trust during the second quarter valued at approximately $377,000. Finally, Whitebox Advisors LLC acquired a new position in MFS Investment Grade Municipal Trust during the second quarter valued at approximately $384,000.

MFS Investment Grade Municipal Trust Company Profile

MFS Investment Grade Municipal is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.