Short Interest in MFS Intermediate High Income Fund (NYSE:CIF) Expands By 5.0%

MFS Intermediate High Income Fund (NYSE:CIF) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 52,200 shares, an increase of 5.0% from the September 30th total of 49,700 shares. Based on an average daily trading volume, of 54,900 shares, the short-interest ratio is currently 1.0 days.

MFS Intermediate High Income Fund Stock Performance

Shares of MFS Intermediate High Income Fund stock traded down $0.00 during mid-day trading on Friday, hitting $1.74. The stock had a trading volume of 44,480 shares, compared to its average volume of 47,503. The firm has a 50-day moving average of $1.77 and a two-hundred day moving average of $1.73. MFS Intermediate High Income Fund has a 12-month low of $1.55 and a 12-month high of $1.83.

MFS Intermediate High Income Fund Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were paid a $0.015 dividend. This is a boost from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01. The ex-dividend date was Tuesday, October 15th. This represents a $0.18 annualized dividend and a dividend yield of 10.32%.

Institutional Trading of MFS Intermediate High Income Fund

A hedge fund recently raised its stake in MFS Intermediate High Income Fund stock. Wolverine Asset Management LLC lifted its stake in MFS Intermediate High Income Fund (NYSE:CIF) by 6,389.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 19,468 shares of the company’s stock after acquiring an additional 19,168 shares during the quarter. Wolverine Asset Management LLC owned 0.10% of MFS Intermediate High Income Fund worth $33,000 at the end of the most recent reporting period. Institutional investors own 6.85% of the company’s stock.

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.