Why did CXH's stock price hit a 52-week low?

The stock price of CXH, MFS Investment Grade Municipal Trust, hit a 52-week low of $7.14 on July 16, 2025. The decline in CXH's stock price can be attributed to a combination of factors: 1. **Market Conditions and Investor Sentiment**: The stock's price fluctuated over the past two weeks, with a notable decrease of 1.39% on July 15. This could be influenced by broader market conditions and investor sentiment. For instance, on July 22, the S&P 500 reached a record high, which might have diverted investor attention and funds away from municipal bond funds like CXH. 2. **Interest Rate and Inflation Concerns**: The Federal Reserve's decision on interest rates is a significant factor affecting bond prices. Investors may sell bonds when they anticipate higher interest rates, which can lead to a decline in bond fund shares. Additionally, inflation concerns can also impact bond prices, as higher inflation erodes the value of fixed income investments. If investors are concerned about inflation, they might shift their investments to other assets, such as stocks, which could lead to selling pressure on bond funds. In conclusion, the decline in CXH's stock price to a 52-week low is likely a result of a combination of factors including market conditions, interest rate and inflation concerns. |code|Ticker|Name|Date|Closing Price|Percentage Change|market_code| |---|---|---|---|---|---|---| |CXH|CXH.N|Mfs Investment Grade Municipal Trust|20250724|7.35|-0.2037|169|