CIF Stock Summary and Trading Ideas (MFS Intermediate High Income | NYSE:CIF)

The fund’s investment objective is to seek high current income but may also consider capital appreciation. MFS normally invests at least 80% of the fund’s net assets, including borrowings for investment purposes, in high income debt instruments.

MFS Intermediate High Income trades on the NYSE stock market under the symbol CIF.

As of April 18, 2024, CIF stock price climbed to $1.64 with 86,725 million shares trading.

CIF has a beta of 0.70, meaning it tends to be less sensitive to market movements. CIF has a correlation of 0.45 to the broad based SPY ETF.

CIF has a market cap of $30.36 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, CIF stock traded as high as $3.40 and as low as $1.47.

CIF has underperformed the market in the last year with a price return of +7.3% while the SPY ETF gained +22.2%. CIF has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -0.3% and -2.7%, respectively, while the SPY returned +5.2% and -2.6%, respectively.

CIF support price is $1.62 and resistance is $1.65 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CIF stock will trade within this expected range on the day.