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

MFS Multimarket Income Trust (NYSE:MMT) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 97,729 shares, a growth of 63.5% from the January 29th total of 59,766 shares. Based on an average daily trading volume, of 73,507 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.2% of the shares of the stock are sold short. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 73,507 shares, the days-to-cover ratio is presently 1.3 days.

MFS Multimarket Income Trust Stock Performance

MMT traded up $0.01 during trading on Friday, hitting $4.71. 105,274 shares of the company traded hands, compared to its average volume of 68,372. The stock’s 50-day simple moving average is $4.70 and its two-hundred day simple moving average is $4.72. MFS Multimarket Income Trust has a 1 year low of $4.31 and a 1 year high of $4.87.

MFS Multimarket Income Trust Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were issued a $0.0338 dividend. This represents a c) annualized dividend and a dividend yield of 8.6%. This is a positive change from MFS Multimarket Income Trust’s previous monthly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, February 17th.

Institutional Trading of MFS Multimarket Income Trust

A number of large investors have recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new position in shares of MFS Multimarket Income Trust in the second quarter valued at $176,000. Sit Investment Associates Inc. lifted its position in MFS Multimarket Income Trust by 127.2% during the fourth quarter. Sit Investment Associates Inc. now owns 642,159 shares of the closed-end fund’s stock valued at $2,986,000 after purchasing an additional 359,502 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of MFS Multimarket Income Trust by 1,594.8% in the 4th quarter. Global Retirement Partners LLC now owns 33,896 shares of the closed-end fund’s stock worth $158,000 after buying an additional 31,896 shares in the last quarter. M3 Wealth Management LLC bought a new stake in shares of MFS Multimarket Income Trust in the 4th quarter worth about $253,000. Finally, Ashton Thomas Securities LLC increased its holdings in shares of MFS Multimarket Income Trust by 34.7% in the 4th quarter. Ashton Thomas Securities LLC now owns 50,500 shares of the closed-end fund’s stock worth $235,000 after buying an additional 13,000 shares during the last quarter. Institutional investors own 18.97% of the company’s stock.

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.