Short Interest in MFS Multimarket Income Trust (NYSE:MMT) Grows By 63.5%

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

MFS Multimarket Income Trust Trading Down 0.3%

Shares of MMT stock traded down $0.02 during mid-day trading on Monday, reaching $4.70. The stock had a trading volume of 63,693 shares, compared to its average volume of 79,870. MFS Multimarket Income Trust has a 12-month low of $4.31 and a 12-month high of $4.87. The business has a 50-day simple moving average of $4.70 and a 200 day simple moving average of $4.72.

MFS Multimarket Income Trust Increases Dividend

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

Institutional Trading of MFS Multimarket Income Trust

Several institutional investors and hedge funds have recently modified their holdings of MMT. Focus Partners Wealth increased its stake 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 in the last quarter. Geneos Wealth Management Inc. grew 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 last quarter. Allworth Financial LP purchased a new position in MFS Multimarket Income Trust during the second quarter worth $176,000. Franklin Resources Inc. acquired a new position in shares of MFS Multimarket Income Trust in the second quarter worth $97,000. Finally, Invesco Ltd. lifted its position in shares of MFS Multimarket Income Trust by 1.6% in the second quarter. Invesco Ltd. now owns 763,018 shares of the closed-end fund’s stock valued at $3,586,000 after acquiring an additional 11,782 shares in the last quarter. Hedge funds and other institutional investors own 18.97% of the company’s stock.

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.