Is Buying Mfs High Income Municipal Trust (NYSE:CXE) Here Good Idea?

January 14, 2018 - By Darrin Black

 Is Buying Mfs High Income Municipal Trust (NYSE:CXE) Here Good Idea?

Investors sentiment decreased to 0.9 in Q3 2017. Its down 0.23, from 1.13 in 2017Q2. It dived, as 1 investors sold MFS High Income Municipal Trust shares while 9 reduced holdings. 3 funds opened positions while 6 raised stakes. 2.60 million shares or 14.93% less from 3.05 million shares in 2017Q2 were reported.
Horizon Kinetics Limited Liability holds 0.09% or 559,361 shares in its portfolio. Next Fincl Group Incorporated reported 0% in MFS High Income Municipal Trust (NYSE:CXE). Royal Savings Bank Of Canada reported 22,134 shares. Gemmer Asset Limited Liability Corporation holds 800 shares. Van Eck Associate Corporation owns 80,889 shares or 0% of their US portfolio. Creative Planning invested 0% of its portfolio in MFS High Income Municipal Trust (NYSE:CXE). Laurion Management Limited Partnership reported 307,684 shares. 10,300 are owned by Raymond James Trust Na. 40,060 are held by Raymond James Financial Serv. Raymond James & Associates owns 103,530 shares or 0% of their US portfolio. National Bank & Trust Of America Corp De holds 0% or 253,536 shares. Wells Fargo Mn has 53,609 shares for 0% of their portfolio. Ameriprise Fincl Incorporated holds 14,010 shares. Robinson Cap Mngmt Lc has 24,179 shares for 0.06% of their portfolio. Moreover, Invesco Limited has 0% invested in MFS High Income Municipal Trust (NYSE:CXE) for 353,036 shares.

The stock of Mfs High Income Municipal Trust (NYSE:CXE) registered an increase of 78.12% in short interest. CXE’s total short interest was 461,500 shares in January as published by FINRA. Its up 78.12% from 259,100 shares, reported previously. With 103,700 shares average volume, it will take short sellers 5 days to cover their CXE’s short positions.

The stock decreased 0.19% or $0.01 during the last trading session, reaching $5.31. About 29,118 shares traded. MFS High Income Municipal Trust (NYSE:CXE) has declined 3.58% since January 14, 2017 and is downtrending. It has underperformed by 20.28% the S&P500.

More notable recent MFS High Income Municipal Trust (NYSE:CXE) news were published by: Seekingalpha.com which released: “Tax-Free Income From Municipal-Bond CEFs: A Closer Look” on August 26, 2015, also Marketwatch.com with their article: “MFS High Income Municipal Trust” published on December 22, 2009, Forbes.com published: “5 Tax-Equivalent Yields Up To 9.6%” on October 09, 2017. More interesting news about MFS High Income Municipal Trust (NYSE:CXE) were released by: Forbes.com and their article: “3 CEFs Yielding Up To 9.6% That Are Better Than What You Own” published on June 04, 2017 as well as Seekingalpha.com‘s news article titled: “Trading Municipal Bond Funds” with publication date: September 06, 2017.

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