MFS Intermediate High Income Fund (NYSE:CIF) Trading Down 0.9% – Should You Sell?

MFS Intermediate High Income Fund (NYSE:CIFGet Free Report) shares dropped 0.9% on Monday . The stock traded as low as $1.73 and last traded at $1.74. Approximately 41,584 shares traded hands during mid-day trading, an increase of 1% from the average daily volume of 41,361 shares. The stock had previously closed at $1.75.

MFS Intermediate High Income Fund Price Performance

The stock has a fifty day moving average of $1.75 and a two-hundred day moving average of $1.75.

MFS Intermediate High Income Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th will be paid a $0.0147 dividend. This represents a $0.18 annualized dividend and a dividend yield of 10.19%. The ex-dividend date of this dividend is Tuesday, January 14th.

Institutional Trading of MFS Intermediate High Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of CIF. Pin Oak Investment Advisors Inc. grew its stake in MFS Intermediate High Income Fund by 79.5% during the third quarter. Pin Oak Investment Advisors Inc. now owns 101,600 shares of the company’s stock worth $180,000 after buying an additional 45,000 shares during the period. Wolverine Asset Management LLC lifted its holdings in shares of MFS Intermediate High Income Fund by 146.0% during the 3rd quarter. Wolverine Asset Management LLC now owns 47,898 shares of the company’s stock valued at $85,000 after acquiring an additional 28,430 shares in the last quarter. Apollon Wealth Management LLC purchased a new stake in MFS Intermediate High Income Fund during the 4th quarter worth $66,000. Jane Street Group LLC acquired a new stake in MFS Intermediate High Income Fund in the 3rd quarter valued at $36,000. Finally, L.M. Kohn & Company purchased a new position in MFS Intermediate High Income Fund in the third quarter valued at about $28,000. Institutional investors and hedge funds own 6.85% of the company’s stock.

MFS Intermediate High Income Fund Company Profile

(Get Free Report)

MFS Intermediate High Income Fund is a closed 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 high income debt instruments. The fund benchmarks the performance of its portfolio against Barclays U.S.

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