MFS Intermediate High Income Fund (NYSE:CIF) Short Interest Up 281.1% in June

MFS Intermediate High Income Fund (NYSE:CIF) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 14,465 shares, an increase of 281.1% from the May 31st total of 3,796 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 115,592 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of MFS Intermediate High Income Fund

A number of institutional investors have recently modified their holdings of CIF. Sit Investment Associates Inc. grew its position in shares of MFS Intermediate High Income Fund by 25.0% in the 4th quarter. Sit Investment Associates Inc. now owns 1,452,035 shares of the company’s stock worth $2,468,000 after buying an additional 290,356 shares during the last quarter. Jane Street Group LLC purchased a new stake in MFS Intermediate High Income Fund during the fourth quarter valued at approximately $31,000. Finally, Pin Oak Investment Advisors Inc. boosted its stake in MFS Intermediate High Income Fund by 107.6% in the third quarter. Pin Oak Investment Advisors Inc. now owns 165,900 shares of the company’s stock valued at $293,000 after acquiring an additional 86,000 shares in the last quarter. 6.85% of the stock is currently owned by institutional investors.

MFS Intermediate High Income Fund Price Performance

Shares of NYSE CIF remained flat at $1.60 during mid-day trading on Monday. The company had a trading volume of 63,396 shares, compared to its average volume of 77,608. MFS Intermediate High Income Fund has a 1 year low of $1.57 and a 1 year high of $1.82. The business has a 50-day simple moving average of $1.62 and a 200-day simple moving average of $1.66.

MFS Intermediate High Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were issued a $0.0141 dividend. The ex-dividend date was Monday, June 8th. This represents a c) dividend on an annualized basis and a yield of 10.6%.

About MFS Intermediate High Income Fund

MFS Intermediate High Income Fund Inc (NYSE: CIF) is a closed-end management investment company advised by MFS Investment Management, one of the oldest global asset managers headquartered in Boston, Massachusetts. The fund seeks to provide current income and capital appreciation by allocating assets primarily to intermediate?duration debt instruments. It trades on the New York Stock Exchange under the symbol CIF and offers investors exposure to a diversified portfolio of fixed-income securities.

The fund’s investment strategy emphasizes intermediate maturities, generally targeting bonds and loans with durations ranging from two to seven years.