CXE Stock Summary and Trading Ideas (MFS High Income Muni Trust | NYSE:CXE)

The fund’s investment objective is to seek high current income exempt from federal income tax, but may also consider capital appreciation. The fund invests, under normal market conditions, at least 80% of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in tax-exempt bonds and tax exempt notes.

MFS High Income Muni Trust trades on the NYSE stock market under the symbol CXE.

As of April 24, 2024, CXE stock price climbed to $3.50 with 29,801 million shares trading.

CXE has a beta of 0.65, meaning it tends to be less sensitive to market movements. CXE has a correlation of 0.26 to the broad based SPY ETF.

CXE has a market cap of $110.34 million. This is considered a Micro Cap stock.

In the last 3 years, CXE stock traded as high as $5.53 and as low as $2.95.

CXE has underperformed the market in the last year with a return of +4.5%, while the SPY ETF gained +24.2%. In the last 3 month period, CXE fell short of the market, returning +0.7%, while SPY returned +4.6%. However, in the most recent 2 weeks CXE has outperformed the stock market by returning -0.7%, while SPY returned -2.7%.

CXE support price is $3.47 and resistance is $3.52 (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 CXE stock will trade within this expected range on the day.