MFS Multimarket Income Trust (NYSE:MMT) Sees Significant Decline in Short Interest

MFS Multimarket Income Trust (NYSE:MMT) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 13,588 shares, a decrease of 84.6% from the December 15th total of 87,983 shares. Based on an average trading volume of 113,007 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 113,007 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On MFS Multimarket Income Trust

A number of hedge funds have recently made changes to their positions in the stock. Focus Partners Wealth lifted its position in shares of MFS Multimarket Income Trust by 14.1% during the 1st quarter. Focus Partners Wealth now owns 28,645 shares of the closed-end fund’s stock worth $133,000 after purchasing an additional 3,550 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in MFS Multimarket Income Trust by 23.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 27,513 shares of the closed-end fund’s stock worth $129,000 after buying an additional 5,161 shares during the last quarter. Invesco Ltd. boosted its position in shares of MFS Multimarket Income Trust by 1.1% during the 3rd quarter. Invesco Ltd. now owns 771,385 shares of the closed-end fund’s stock worth $3,687,000 after acquiring an additional 8,367 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in MFS Multimarket Income Trust by 780.0% in the first quarter. Geneos Wealth Management Inc. now owns 10,155 shares of the closed-end fund’s stock valued at $47,000 after purchasing an additional 9,001 shares during the last quarter. Finally, Shaker Financial Services LLC raised its holdings in MFS Multimarket Income Trust by 4.1% during the third quarter. Shaker Financial Services LLC now owns 234,726 shares of the closed-end fund’s stock worth $1,122,000 after purchasing an additional 9,345 shares in the last quarter. Hedge funds and other institutional investors own 18.97% of the company’s stock.

MFS Multimarket Income Trust Price Performance

NYSE:MMT traded up $0.03 on Monday, reaching $4.73. The company’s stock had a trading volume of 152,087 shares, compared to its average volume of 92,575. MFS Multimarket Income Trust has a 12-month low of $4.31 and a 12-month high of $4.87. The stock has a 50 day moving average price of $4.68 and a 200 day moving average price of $4.71.

MFS Multimarket Income Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Tuesday, January 20th will be given a dividend of $0.0337 per share. The ex-dividend date is Tuesday, January 20th. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%.

About MFS Multimarket Income Trust

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.