MFS Charter Income Trust (NYSE:MCR) Short Interest Update

MFS Charter Income Trust (NYSE:MCR) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 29,114 shares, an increase of 341.4% from the February 26th total of 6,596 shares. Based on an average daily trading volume, of 94,766 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On MFS Charter Income Trust

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its position in shares of MFS Charter Income Trust by 0.6% during the second quarter. Bank of America Corp DE now owns 334,847 shares of the financial services provider’s stock worth $2,130,000 after purchasing an additional 2,034 shares during the last quarter. Riverbridge Partners LLC grew its holdings in shares of MFS Charter Income Trust by 2.3% in the third quarter. Riverbridge Partners LLC now owns 101,795 shares of the financial services provider’s stock worth $654,000 after purchasing an additional 2,280 shares during the last quarter. CoreCap Advisors LLC grew its holdings in shares of MFS Charter Income Trust by 7.4% in the fourth quarter. CoreCap Advisors LLC now owns 45,225 shares of the financial services provider’s stock worth $284,000 after purchasing an additional 3,100 shares during the last quarter. NewEdge Advisors LLC increased its stake in MFS Charter Income Trust by 3.5% in the 3rd quarter. NewEdge Advisors LLC now owns 116,540 shares of the financial services provider’s stock worth $748,000 after buying an additional 3,945 shares during the period. Finally, Invesco Ltd. increased its stake in MFS Charter Income Trust by 0.8% in the 2nd quarter. Invesco Ltd. now owns 517,874 shares of the financial services provider’s stock worth $3,294,000 after buying an additional 4,047 shares during the period.

MFS Charter Income Trust Stock Performance

Shares of NYSE MCR opened at $5.91 on Friday. MFS Charter Income Trust has a 12-month low of $5.57 and a 12-month high of $6.58. The firm’s 50-day moving average price is $6.20 and its 200-day moving average price is $6.30.

MFS Charter Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a dividend of $0.045 per share. The ex-dividend date is Tuesday, March 17th. This represents a c) dividend on an annualized basis and a yield of 9.1%.

MFS Charter Income Trust Company Profile

MFS Charter Income Trust (NYSE: MCR) is a diversified, closed-end management investment company organized in 1987. As part of the MFS Investment Management family, the Trust seeks to provide its shareholders with high current income and preservation of capital. The fund’s shares trade on the New York Stock Exchange, offering investors access to a managed portfolio of income-oriented securities within a single, publicly listed vehicle.

The fund primarily invests in a broad mix of preferred stocks, convertible securities and high-yield corporate bonds.