CXH Stock Summary and Trading Ideas (MFS Investment Grade Muni Trust | NYSE:CXH)

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 borrowing for investment purposes, in tax-exempt bonds and tax-exempt notes.

MFS Investment Grade Muni Trust trades on the NYSE stock market under the symbol CXH.

As of April 23, 2024, CXH stock price climbed to $7.38 with 7,994 million shares trading.

CXH has a beta of 0.75, meaning it tends to be less sensitive to market movements. CXH has a correlation of 0.41 to the broad based SPY ETF.

CXH has a market cap of $60.51 million. This is considered a Micro Cap stock.

In the last 3 years, CXH stock traded as high as $10.74 and as low as $6.41.

CXH has underperformed the market in the last year with a return of +5.0%, while the SPY ETF gained +24.3%. In the last 3 month period, CXH fell short of the market, returning -0.2%, while SPY returned +4.9%. However, in the most recent 2 weeks CXH has outperformed the stock market by returning -1.1%, while SPY returned -2.5%.

CXH support price is $7.29 and resistance is $7.39 (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 CXH stock will trade within this expected range on the day.