MFS Multimarket Income Trust (NYSE:MMT) Short Interest Up 91.5% in January

MFS Multimarket Income Trust (NYSE:MMT) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 26,019 shares, an increase of 91.5% from the December 31st total of 13,588 shares. Based on an average daily trading volume, of 95,791 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 95,791 shares, the short-interest ratio is currently 0.3 days.

MFS Multimarket Income Trust Stock Up 0.4%

Shares of MMT traded up $0.02 during mid-day trading on Friday, hitting $4.72. 101,728 shares of the stock were exchanged, compared to its average volume of 83,025. MFS Multimarket Income Trust has a 52-week low of $4.31 and a 52-week high of $4.87. The firm has a 50-day moving average of $4.69 and a two-hundred day moving average of $4.71.

MFS Multimarket Income Trust Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Tuesday, January 20th were given a dividend of $0.0337 per share. This represents a c) annualized dividend and a dividend yield of 8.6%. The ex-dividend date was Tuesday, January 20th.

Institutional Investors Weigh In On MFS Multimarket Income Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Focus Partners Wealth lifted its stake in shares of MFS Multimarket Income Trust by 14.1% in the 1st quarter. Focus Partners Wealth now owns 28,645 shares of the closed-end fund’s stock valued at $133,000 after purchasing an additional 3,550 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in MFS Multimarket Income Trust by 780.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 10,155 shares of the closed-end fund’s stock valued at $47,000 after buying an additional 9,001 shares during the period. Bey Douglas LLC lifted its position in MFS Multimarket Income Trust by 54.9% in the second quarter. Bey Douglas LLC now owns 41,491 shares of the closed-end fund’s stock worth $195,000 after buying an additional 14,706 shares during the last quarter. Allworth Financial LP purchased a new position in MFS Multimarket Income Trust during the second quarter worth $176,000. Finally, Franklin Resources Inc. purchased a new position in MFS Multimarket Income Trust during the second quarter worth $97,000. 18.97% of the stock is currently owned by hedge funds and other institutional investors.

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.