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

MFS Investment Grade Municipal Trust (NYSE:CXH) saw 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 daily volume of 20,400 shares, the short-interest ratio is presently 2.6 days.

MFS Investment Grade Municipal Trust Price Performance

Shares of NYSE CXH traded up $0.03 during trading hours on Friday, reaching $8.24. 18,265 shares of the stock were exchanged, compared to its average volume of 19,852. MFS Investment Grade Municipal Trust has a 52 week low of $7.18 and a 52 week high of $8.31. The stock’s fifty day simple moving average is $8.15 and its 200 day simple moving average is $7.99.

MFS Investment Grade Municipal Trust Announces Dividend

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

Institutional Investors Weigh In On MFS Investment Grade Municipal Trust

A number of large investors have recently added to or reduced their stakes in CXH. Blue Bell Private Wealth Management LLC grew 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 worth $38,000 after buying an additional 3,400 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of MFS Investment Grade Municipal Trust in the 2nd quarter valued at $236,000. Capital Investment Advisors LLC boosted its holdings in shares of MFS Investment Grade Municipal Trust by 4.2% in the 3rd 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 in the last quarter. Rothschild Investment LLC acquired a new stake in shares of MFS Investment Grade Municipal Trust in the 2nd quarter valued at $377,000. Finally, Whitebox Advisors LLC acquired a new stake in shares of MFS Investment Grade Municipal Trust during the 2nd quarter valued at $384,000.

About MFS Investment Grade Municipal Trust

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.