MFS Intermediate High Income Fund (NYSE:CIF – Get Free Report) was the recipient of a significant drop in short interest in February. As of February 15th, there was short interest totalling 17,000 shares, a drop of 76.2% from the January 31st total of 71,400 shares. Based on an average daily volume of 87,300 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Trading of MFS Intermediate High Income Fund
Several institutional investors and hedge funds have recently bought and sold shares of CIF. Sit Investment Associates Inc. lifted its stake in shares of MFS Intermediate High Income Fund by 82.3% during the 4th quarter. Sit Investment Associates Inc. now owns 1,082,086 shares of the company’s stock worth $1,872,000 after buying an additional 488,365 shares during the last quarter. Apollon Wealth Management LLC acquired a new position in MFS Intermediate High Income Fund during the fourth quarter valued at approximately $66,000. Jane Street Group LLC acquired a new position in MFS Intermediate High Income Fund during the third quarter valued at approximately $36,000. L.M. Kohn & Company acquired a new stake in MFS Intermediate High Income Fund in the third quarter valued at about $28,000. Finally, Pin Oak Investment Advisors Inc. increased its position 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 purchasing an additional 45,000 shares in the last quarter. Institutional investors own 6.85% of the company’s stock.
MFS Intermediate High Income Fund Stock Performance
CIF stock opened at $1.74 on Friday. The business has a 50 day moving average price of $1.74 and a two-hundred day moving average price of $1.75. MFS Intermediate High Income Fund has a twelve month low of $1.62 and a twelve month high of $1.83.
MFS Intermediate High Income Fund Cuts Dividend
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.
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