Stock Worth Watching: MFS Intermediate High Income Fund (NYSE:CIF) Institutional Investors Sentiment Index Falls in Q2 2016

November 17, 2016 - By Ellis Scott   ·   0 Comments

Stock Worth Watching: MFS Intermediate High Income Fund (NYSE:CIF) Institutional Investors Sentiment Index  Falls in  Q2 2016

Sentiment for MFS Intermediate High Income Fund (NYSE:CIF)

MFS Intermediate High Income Fund (NYSE:CIF) institutional sentiment decreased to 0.54 in Q2 2016. Its down -0.25, from 0.79 in 2016Q1. The ratio fall, as 7 investment professionals opened new or increased equity positions, while 13 cut down and sold their positions in MFS Intermediate High Income Fund. The investment professionals in our partner’s database reported: 5.80 million shares, down from 5.98 million shares in 2016Q1. Also, the number of investment professionals holding MFS Intermediate High Income Fund in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 5 Reduced: 8 Increased: 3 New Position: 4.

MFS Intermediate High Income Fund is a diversified closed-end management investment company. The company has a market cap of $52.17 million. The Fund’s investment objective is to seek high current income, but may also consider capital appreciation. It currently has negative earnings. The Fund invests approximately 80% of its net assets, including borrowings for investment purposes, in high income debt instruments.

About 2,708 shares traded hands. MFS Intermediate High Income Fund (NYSE:CIF) has risen 1.24% since April 15, 2016 and is uptrending. It has underperformed by 3.38% the S&P500.

Shaker Financial Services Llc holds 1.04% of its portfolio in MFS Intermediate High Income Fund for 609,154 shares. Saba Capital Management L.P. owns 1.85 million shares or 0.41% of their US portfolio. Moreover, Rivernorth Capital Management Llc has 0.24% invested in the company for 1.49 million shares. The Illinois-based Goodwin Daniel L has invested 0.01% in the stock. Landscape Capital Management L.L.C., a New Jersey-based fund reported 18,731 shares.#img1#

CIF Company Profile

MFS Intermediate High Income Fund (the Fund), formerly Colonial Intermediate High Income Fund, is a diversified closed-end management investment company. The Fund seeks high current income and total return by investing primarily in high-yield, fixed-income securities in lower-rated categories. MFS Intermediate High Income Fund’s portfolio includes corporate fixed-income bonds and notes, preferred stocks, common stocks, municipal bonds, convertible bonds and short-term obligations.

More recent MFS Intermediate High Income Fund (NYSE:CIF) news were published by: Businesswire.com which released: “MFS Releases Closed-End Fund Income Distribution Sources for Certain Funds” on October 24, 2016. Also Seekingalpha.com published the news titled: “Opportunities Are Appearing In Leveraged Junk Bond Funds” on June 23, 2015. Seekingalpha.com‘s news article titled: “Calamos Global Dynamic Income Fund: ‘Oh Lord, Please Don’t Let Me Be Understood'” with publication date: June 14, 2016 was also an interesting one.

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By Ellis Scott


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