MFS Municipal Income Trust (NYSE:MFM) Short Interest Up 99.5% in March

MFS Municipal Income Trust (NYSE:MFM) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 82,600 shares, a growth of 99.5% from the March 15th total of 41,400 shares. Based on an average daily volume of 83,400 shares, the short-interest ratio is currently 1.0 days.

MFS Municipal Income Trust Stock Down 0.2 %

MFM opened at $5.16 on Friday. MFS Municipal Income Trust has a fifty-two week low of $4.37 and a fifty-two week high of $5.48. The business has a 50-day moving average of $5.28 and a 200-day moving average of $5.04.

MFS Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 17th will be issued a dividend of $0.0205 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date is Tuesday, April 16th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MFM. Cetera Advisor Networks LLC increased its holdings in shares of MFS Municipal Income Trust by 12.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 17,715 shares of the closed-end fund’s stock valued at $108,000 after acquiring an additional 2,000 shares during the last quarter. Worth Asset Management LLC acquired a new position in shares of MFS Municipal Income Trust during the 1st quarter valued at about $172,000. Invesco Ltd. increased its holdings in shares of MFS Municipal Income Trust by 28.7% during the 1st quarter. Invesco Ltd. now owns 210,243 shares of the closed-end fund’s stock valued at $1,287,000 after acquiring an additional 46,935 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of MFS Municipal Income Trust by 19.1% during the 1st quarter. Royal Bank of Canada now owns 49,808 shares of the closed-end fund’s stock valued at $305,000 after acquiring an additional 7,986 shares during the last quarter. Finally, Robinson Capital Management LLC acquired a new position in shares of MFS Municipal Income Trust during the 1st quarter valued at about $1,333,000.

About MFS Municipal Income Trust

MFS Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.