MFS Intermediate High Income Fund (NYSE:CIF) Short Interest Down 21.3% in October

MFS Intermediate High Income Fund (NYSE:CIF) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 41,100 shares, a decline of 21.3% from the October 15th total of 52,200 shares. Based on an average daily trading volume, of 57,200 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On MFS Intermediate High Income Fund

Several large investors have recently made changes to their positions in CIF. Pin Oak Investment Advisors Inc. increased its holdings in MFS Intermediate High Income Fund by 79.5% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 101,600 shares of the company’s stock valued at $180,000 after purchasing an additional 45,000 shares in the last quarter. Wolverine Asset Management LLC increased its stake in shares of MFS Intermediate High Income Fund by 146.0% in the third quarter. Wolverine Asset Management LLC now owns 47,898 shares of the company’s stock valued at $85,000 after buying an additional 28,430 shares in the last quarter. Finally, L.M. Kohn & Company bought a new position in shares of MFS Intermediate High Income Fund in the third quarter valued at about $28,000. Institutional investors own 6.85% of the company’s stock.

MFS Intermediate High Income Fund Stock Down 0.4 %

NYSE CIF traded down $0.01 during trading on Friday, reaching $1.71. 35,043 shares of the company traded hands, compared to its average volume of 47,667. MFS Intermediate High Income Fund has a 1-year low of $1.60 and a 1-year high of $1.83. The stock’s 50 day moving average price is $1.77 and its two-hundred day moving average price is $1.73.

MFS Intermediate High Income Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.0149 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 10.46%.

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.