MFS Multimarket Income Trust (NYSE:MMT) Short Interest Update

MFS Multimarket Income Trust (NYSE:MMT) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 233,487 shares, an increase of 75.9% from the May 31st total of 132,711 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 136,516 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Trading of MFS Multimarket Income Trust

A number of institutional investors have recently made changes to their positions in MMT. Geneos Wealth Management Inc. grew its holdings in shares of 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 worth $47,000 after purchasing an additional 9,001 shares during the last quarter. Gerald Baker Financial Group LLC bought a new stake in MFS Multimarket Income Trust during the 1st quarter valued at $57,000. Melfa Wealth Management Inc. bought a new stake in MFS Multimarket Income Trust during the 4th quarter valued at $72,000. Beacon Pointe Advisors LLC purchased a new stake in MFS Multimarket Income Trust during the 4th quarter valued at $73,000. Finally, Jane Street Group LLC bought a new stake in MFS Multimarket Income Trust in the 2nd quarter worth $84,000. Hedge funds and other institutional investors own 18.97% of the company’s stock.

MFS Multimarket Income Trust Price Performance

Shares of NYSE MMT opened at $4.42 on Thursday. The business has a 50-day moving average of $4.50 and a 200-day moving average of $4.60. MFS Multimarket Income Trust has a 12 month low of $4.37 and a 12 month high of $4.87.

MFS Multimarket Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were paid a $0.0328 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend was Monday, June 8th.

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.