MFS Intermediate High Income Fund (NYSE:CIF) Trading 0.6% Higher – Still a Buy?

MFS Intermediate High Income Fund (NYSE:CIF) shot up 0.6% during trading on Thursday . The company traded as high as $1.75 and last traded at $1.74. 95,261 shares were traded during mid-day trading, an increase of 86% from the average session volume of 51,257 shares. The stock had previously closed at $1.73.

MFS Intermediate High Income Fund Trading Up 0.6 %

The firm’s fifty day simple moving average is $1.74 and its 200-day simple moving average is $1.75.

MFS Intermediate High Income Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a dividend of $0.0148 per share. The ex-dividend date was Tuesday, December 17th.

Hedge Funds Weigh In On MFS Intermediate High Income Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Wolverine Asset Management LLC boosted its position in shares of MFS Intermediate High Income Fund by 6,389.3% during the 2nd quarter. Wolverine Asset Management LLC now owns 19,468 shares of the company’s stock worth $33,000 after purchasing an additional 19,168 shares in the last quarter. Pin Oak Investment Advisors Inc. raised its stake 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 worth $180,000 after buying an additional 45,000 shares during the period. L.M. Kohn & Company bought a new position in MFS Intermediate High Income Fund in the third quarter worth approximately $28,000. Finally, Jane Street Group LLC acquired a new stake in MFS Intermediate High Income Fund in the third quarter valued at approximately $36,000. 6.85% of the stock is currently owned by institutional investors.

MFS Intermediate High Income Fund Company Profile

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.