Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Sees Large Growth in Short Interest

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 12,100 shares, an increase of 51.3% from the December 15th total of 8,000 shares. Based on an average trading volume of 44,000 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Federated Hermes Premier Municipal Income Fund

Several large investors have recently added to or reduced their stakes in FMN. Bank of New York Mellon Corp boosted its position in shares of Federated Hermes Premier Municipal Income Fund by 100.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 38,925 shares of the company’s stock valued at $445,000 after acquiring an additional 19,477 shares during the last quarter. Whitebox Advisors LLC raised its stake in Federated Hermes Premier Municipal Income Fund by 142.7% during the second quarter. Whitebox Advisors LLC now owns 95,981 shares of the company’s stock worth $1,097,000 after purchasing an additional 56,431 shares during the period. Capital Investment Advisors LLC boosted its holdings in Federated Hermes Premier Municipal Income Fund by 3.2% in the 3rd quarter. Capital Investment Advisors LLC now owns 32,213 shares of the company’s stock valued at $400,000 after purchasing an additional 1,013 shares during the last quarter. XML Financial LLC grew its stake in shares of Federated Hermes Premier Municipal Income Fund by 11.2% in the 3rd quarter. XML Financial LLC now owns 25,830 shares of the company’s stock valued at $321,000 after buying an additional 2,600 shares during the period. Finally, Avior Wealth Management LLC increased its holdings in shares of Federated Hermes Premier Municipal Income Fund by 50.1% during the 3rd quarter. Avior Wealth Management LLC now owns 5,534 shares of the company’s stock worth $69,000 after buying an additional 1,847 shares during the last quarter.

Federated Hermes Premier Municipal Income Fund Trading Up 0.3 %

FMN traded up $0.03 during trading on Friday, reaching $11.11. The company’s stock had a trading volume of 16,733 shares, compared to its average volume of 52,839. The firm has a fifty day simple moving average of $11.13 and a two-hundred day simple moving average of $11.61. Federated Hermes Premier Municipal Income Fund has a 1 year low of $10.74 and a 1 year high of $12.53.

Federated Hermes Premier Municipal Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 23rd will be given a dividend of $0.04 per share. This is an increase from Federated Hermes Premier Municipal Income Fund’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 4.32%.

About Federated Hermes Premier Municipal Income Fund

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.