Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Short Interest Up 31.0% in February

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 13,100 shares, a growth of 31.0% from the February 13th total of 10,000 shares. Based on an average trading volume of 37,700 shares, the days-to-cover ratio is presently 0.3 days.

Federated Hermes Premier Municipal Income Fund Price Performance

NYSE:FMN traded up $0.03 during mid-day trading on Tuesday, hitting $10.88. 34,723 shares of the stock traded hands, compared to its average volume of 36,113. The business’s 50-day moving average price is $11.09 and its 200 day moving average price is $11.47. Federated Hermes Premier Municipal Income Fund has a 12-month low of $10.78 and a 12-month high of $12.53.

Federated Hermes Premier Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 21st will be given a $0.04 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.48 dividend on an annualized basis and a yield of 4.41%.

Institutional Investors Weigh In On Federated Hermes Premier Municipal Income Fund

Several institutional investors have recently bought and sold shares of the stock. Logan Stone Capital LLC raised its position in shares of Federated Hermes Premier Municipal Income Fund by 27.2% in the 4th quarter. Logan Stone Capital LLC now owns 47,290 shares of the company’s stock worth $516,000 after acquiring an additional 10,119 shares in the last quarter. CF Capital LLC bought a new stake in shares of Federated Hermes Premier Municipal Income Fund in the 4th quarter worth $257,000. Bank of America Corp DE raised its position in Federated Hermes Premier Municipal Income Fund by 16.6% in the 4th quarter. Bank of America Corp DE now owns 179,655 shares of the company’s stock worth $1,960,000 after buying an additional 25,516 shares during the last quarter. Whitebox Advisors LLC bought a new position in Federated Hermes Premier Municipal Income Fund during the fourth quarter valued at approximately $507,000. Finally, Guggenheim Capital LLC lifted its holdings in shares of Federated Hermes Premier Municipal Income Fund by 6.9% during the 4th quarter. Guggenheim Capital LLC now owns 167,961 shares of the company’s stock valued at $1,832,000 after buying an additional 10,856 shares during the period.

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.