MFS Multimarket Income Trust (NYSE:MMT) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 56,900 shares, a growth of 29.3% from the September 15th total of 44,000 shares. Based on an average trading volume of 142,400 shares, the short-interest ratio is presently 0.4 days.
Several hedge funds have recently modified their holdings of MMT. Parametric Portfolio Associates LLC increased its position in shares of MFS Multimarket Income Trust by 0.8% during the first quarter. Parametric Portfolio Associates LLC now owns 942,640 shares of the closed-end fund’s stock worth $4,741,000 after acquiring an additional 7,609 shares in the last quarter. Wells Fargo & Company MN grew its position in MFS Multimarket Income Trust by 19.9% in the first quarter. Wells Fargo & Company MN now owns 225,224 shares of the closed-end fund’s stock valued at $1,133,000 after purchasing an additional 37,310 shares in the last quarter. Morgan Stanley grew its position in MFS Multimarket Income Trust by 7.4% in the first quarter. Morgan Stanley now owns 542,708 shares of the closed-end fund’s stock valued at $2,730,000 after purchasing an additional 37,509 shares in the last quarter. Invesco Ltd. grew its position in MFS Multimarket Income Trust by 5.2% in the first quarter. Invesco Ltd. now owns 906,422 shares of the closed-end fund’s stock valued at $4,560,000 after purchasing an additional 44,528 shares in the last quarter. Finally, Advisor Group Holdings Inc. bought a new position in MFS Multimarket Income Trust in the first quarter valued at $2,639,000. 13.65% of the stock is owned by institutional investors.
Shares of MMT stock traded down $0.06 during trading hours on Friday, hitting $5.69. 60,983 shares of the company were exchanged, compared to its average volume of 207,838. The business has a 50 day moving average of $5.87 and a two-hundred day moving average of $5.64. MFS Multimarket Income Trust has a 52 week low of $3.72 and a 52 week high of $6.39.
The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th will be given a dividend of $0.042 per share. This represents a $0.50 annualized dividend and a dividend yield of 8.86%. The ex-dividend date is Tuesday, October 13th.
MFS Multimarket Income Trust Company Profile
MFS Multimarket Income Trust is a closed ended fixed income mutual fund launched and managed by MFS Investment Management, Inc The fund invests in the fixed income markets across the globe with greater emphasis on United States. It seeks to invest in fixed income securities issued by U.S. Government, foreign government, mortgage backed, and other asset-backed securities of U.S.
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