Short Interest in Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Increases By 138.0%

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) saw a large increase in short interest in November. As of November 30th, there was short interest totalling 16,900 shares, an increase of 138.0% from the November 15th total of 7,100 shares. Based on an average trading volume of 47,100 shares, the days-to-cover ratio is currently 0.4 days.

Insider Buying and Selling at Federated Hermes Premier Municipal Income Fund

In related news, major shareholder Saba Capital Management, L.P. sold 523,323 shares of Federated Hermes Premier Municipal Income Fund stock in a transaction on Monday, October 14th. The shares were sold at an average price of $12.67, for a total value of $6,630,502.41. Following the completion of the sale, the insider now owns 1,111,886 shares of the company’s stock, valued at approximately $14,087,595.62. The trade was a 32.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 524,791 shares of company stock valued at $6,649,002 in the last 90 days.

Institutional Investors Weigh In On Federated Hermes Premier Municipal Income Fund

Institutional investors have recently bought and sold shares of the business. Avior Wealth Management LLC boosted its stake in Federated Hermes Premier Municipal Income Fund by 50.1% in the 3rd quarter. Avior Wealth Management LLC now owns 5,534 shares of the company’s stock valued at $69,000 after buying an additional 1,847 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new position in shares of Federated Hermes Premier Municipal Income Fund during the second quarter valued at $149,000. XML Financial LLC boosted its stake in shares of Federated Hermes Premier Municipal Income Fund by 11.2% in the 3rd quarter. XML Financial LLC now owns 25,830 shares of the company’s stock valued at $321,000 after purchasing an additional 2,600 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in shares of Federated Hermes Premier Municipal Income Fund by 3.2% in the 3rd quarter. Capital Investment Advisors LLC now owns 32,213 shares of the company’s stock worth $400,000 after purchasing an additional 1,013 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Federated Hermes Premier Municipal Income Fund by 100.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 38,925 shares of the company’s stock worth $445,000 after purchasing an additional 19,477 shares in the last quarter.

Federated Hermes Premier Municipal Income Fund Stock Performance

Shares of NYSE:FMN opened at $11.29 on Friday. The business has a 50 day moving average price of $11.58 and a 200 day moving average price of $11.67. Federated Hermes Premier Municipal Income Fund has a twelve month low of $10.72 and a twelve month high of $12.53.

Federated Hermes Premier Municipal Income Fund Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 23rd will be given a dividend of $0.04 per share. This represents a dividend yield of 4%. The ex-dividend date is Monday, December 23rd.

Federated Hermes Premier Municipal Income Fund Company Profile

Federated Premier Municipal Income Fund is a closed-ended fixed income mutual fund launched by Federated Investors, Inc The fund is managed by Federated Investment Management Company. It invests in fixed income markets of United States. The fund primarily invests in tax-exempt municipal bonds of GO state, GO local, special tax, hospital, transportation, pre-refunded, senior care, water and sewer, education, electric and gas, and public power sectors.