MFS Multimarket Income Trust (NYSE:MMT) Short Interest Down 40.2% in May

MFS Multimarket Income Trust (NYSE:MMT) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 98,489 shares, a decline of 40.2% from the April 30th total of 164,591 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 125,320 shares, the days-to-cover ratio is currently 0.8 days.

MFS Multimarket Income Trust Stock Down 0.1%

MFS Multimarket Income Trust stock opened at $4.54 on Tuesday. The stock’s 50 day moving average is $4.54 and its 200 day moving average is $4.63. MFS Multimarket Income Trust has a one year low of $4.37 and a one year high of $4.87.

MFS Multimarket Income Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be paid a $0.0328 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date of this dividend is Monday, June 8th.

Hedge Funds Weigh In On MFS Multimarket Income Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Decision Investments Inc. lifted its stake in shares of MFS Multimarket Income Trust by 9.8% in the first quarter. Decision Investments Inc. now owns 32,500 shares of the closed-end fund’s stock worth $150,000 after acquiring an additional 2,900 shares during the period. Focus Partners Wealth lifted its stake in MFS Multimarket Income Trust by 14.1% in the first quarter. Focus Partners Wealth now owns 28,645 shares of the closed-end fund’s stock valued at $133,000 after buying an additional 3,550 shares during the period. Founders Financial Alliance LLC lifted its stake in MFS Multimarket Income Trust by 14.4% in the fourth quarter. Founders Financial Alliance LLC now owns 30,924 shares of the closed-end fund’s stock valued at $144,000 after buying an additional 3,883 shares during the period. Janney Montgomery Scott LLC lifted its stake in MFS Multimarket Income Trust by 1.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 378,191 shares of the closed-end fund’s stock valued at $1,759,000 after buying an additional 4,289 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in MFS Multimarket Income Trust by 23.1% in the second quarter. Ameriprise Financial Inc. now owns 27,513 shares of the closed-end fund’s stock valued at $129,000 after buying an additional 5,161 shares during the period. 18.97% of the stock is owned by institutional investors and hedge funds.

MFS Multimarket Income Trust Company Profile

MFS Multimarket Income Trust (NYSE: MMT) is a closed-end management investment company that seeks to provide high current income through investments in a diversified global portfolio of income-producing securities. Launched in 1987, the trust is managed by MFS Investment Management, a Boston-based asset manager with roots dating back to 1924. MFS Investment Management acts as the investment adviser and leverages its multi-asset research capabilities to build and monitor MMT’s portfolio on behalf of shareholders.

The trust’s principal investment activities encompass a broad range of fixed-income and equity-related instruments.