Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Sees Significant Drop in Short Interest

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 3,300 shares, a decline of 77.9% from the March 15th total of 14,900 shares. Based on an average trading volume of 39,700 shares, the days-to-cover ratio is presently 0.1 days.

Federated Hermes Premier Municipal Income Fund Trading Up 1.5 %

FMN stock opened at $10.37 on Tuesday. The stock has a 50-day moving average price of $10.95 and a two-hundred day moving average price of $11.23. Federated Hermes Premier Municipal Income Fund has a 1 year low of $10.11 and a 1 year high of $12.53.

Federated Hermes Premier Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Wednesday, April 23rd will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.63%.

Institutional Investors Weigh In On Federated Hermes Premier Municipal Income Fund

Several institutional investors have recently bought and sold shares of the company. Robinson Capital Management LLC acquired a new stake in shares of Federated Hermes Premier Municipal Income Fund in the fourth quarter valued at approximately $959,000. Raymond James Financial Inc. acquired a new stake in Federated Hermes Premier Municipal Income Fund in the 4th quarter valued at $778,000. Whitebox Advisors LLC bought a new stake in Federated Hermes Premier Municipal Income Fund during the 4th quarter worth about $507,000. Riverbridge Partners LLC acquired a new position in shares of Federated Hermes Premier Municipal Income Fund during the 4th quarter worth about $447,000. Finally, Ackerman Capital Advisors LLC bought a new position in shares of Federated Hermes Premier Municipal Income Fund in the 4th quarter valued at about $371,000.

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.