MFS Intermediate High Income Fund (NYSE:CIF) Short Interest Up 23.5% in July

MFS Intermediate High Income Fund (NYSE:CIF) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totalling 28,400 shares, a growth of 23.5% from the June 30th total of 23,000 shares. Based on an average daily volume of 47,500 shares, the days-to-cover ratio is currently 0.6 days.

MFS Intermediate High Income Fund Stock Performance

Shares of CIF stock traded up $0.01 during mid-day trading on Tuesday, reaching $1.75. 49,488 shares of the stock traded hands, compared to its average volume of 44,453. The stock’s fifty day simple moving average is $1.70 and its two-hundred day simple moving average is $1.70. MFS Intermediate High Income Fund has a 1-year low of $1.47 and a 1-year high of $1.77.

MFS Intermediate High Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 16th will be paid a dividend of $0.0146 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 10.05%. This is a positive change from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01. The ex-dividend date of this dividend is Tuesday, July 16th.

About MFS Intermediate High Income Fund

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.