MFS Intermediate High Income Fund Short Interest Surges 774.5% in January

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MFS Intermediate High Income Fund (NYSE:CIF), a closed-end management investment company advised by MFS Investment Management, saw a 774.5% increase in short interest in January, with short positions reaching 18,942 shares as of January 30th, up from 2,166 shares on January 15th. The fund's average daily trading volume is 71,680 shares, putting the current short interest ratio at 0.3 days.

Why it matters

The sharp rise in short interest for MFS Intermediate High Income Fund could signal increased bearish sentiment among investors regarding the fund's performance or outlook. Short selling activity can provide insights into market sentiment and potential future price movements for the fund.

The details

MFS Intermediate High Income Fund is a closed-end fund that seeks to provide current income and capital appreciation by investing primarily in intermediate-duration debt instruments. The fund trades on the New York Stock Exchange under the ticker CIF. As of January 30th, approximately 0.1% of the fund's shares were short sold.

• As of January 30th, there was short interest totaling 18,942 shares.
• This represents a 774.5% increase from the January 15th total of 2,166 shares.

What’s next

The fund is scheduled to pay a monthly dividend of $0.0146 per share on February 27th to shareholders of record as of February 17th.