FMN Short Interest
Federated Hermes Premier Municipal Income Fund (FMN) operates in the Financial Services sector, specifically the Asset Management - Income industry, with a market capitalization near $88.0M, listed on NYSE, carrying a beta of 0.60 to the broader market. The Federated Premier Municipal Income Fund, a closed-end mutual fund, was launched by Federated Investors, Inc. Led by John Christopher Donahue, public since 2002-12-20.
Short interest is the total number of shares currently sold short and not yet covered, reported bi-monthly by FINRA. Days to cover (short interest divided by average daily volume) indicates how long it would take short sellers to close positions, with higher values signaling greater squeeze potential.
- Settlement Date
- 2026-05-29
- Short Interest
- 19.4K
- Previous Short Interest
- 15.0K
- Change
- 29.27%
- Days to Cover
- 1.73
- Avg Daily Volume
- 11.2K
- Avg Days to Cover (24 reports)
- 1.07
Showing 24 bi-monthly FINRA short interest reports for Federated Hermes Premier Municipal Income Fund.
Learn how short interest is reported and how to read the data →
Frequently asked FMN short interest questions
- What is the current FMN short interest?
- As of the May 29, 2026 settlement, Federated Hermes Premier Municipal Income Fund (FMN) short interest is 19.4K shares, a +29.27% change from the prior period. FINRA publishes short interest twice monthly on the 15th and last business day of each month under Rule 4560.
- What is the FMN days-to-cover ratio?
- Days-to-cover is 1.73, calculated as short interest divided by average daily volume. It estimates how many trading days closing all short positions would consume given typical liquidity. Values above 5 days are commonly cited as elevated; values above 10 days are squeeze-relevant.
- How does FMN short interest affect options pricing?
- High short interest changes options pricing through three mechanics: borrow-rebate effects (synthetic long stock trades below frictionless put-call parity by approximately the borrow rebate when shares are hard-to-borrow), gamma-squeeze setup risk (if dealers are short gamma against retail call buying, dealer hedge flow can amplify upward moves), and elevated event-vol pricing on names with squeeze potential. See the canonical short-interest documentation for the full mechanism.