Mfs Muni Inc Tr (NYSE:MFM) Short Interest Update

Mfs Muni Inc Tr (NYSE:MFM) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 81,585 shares, a decrease of 42.7% from the July 15th total of 142,469 shares. Based on an average trading volume of 270,532 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Mfs Muni Inc Tr Price Performance

NYSE MFM traded down $0.04 during trading hours on Tuesday, hitting $5.41. The company’s stock had a trading volume of 374,098 shares, compared to its average volume of 160,122. Mfs Muni Inc Tr has a 52 week low of $5.03 and a 52 week high of $5.67. The company’s 50-day simple moving average is $5.49 and its two-hundred day simple moving average is $5.45.

Mfs Muni Inc Tr Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a $0.03 dividend. The ex-dividend date is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 6.7%.

Hedge Funds Weigh In On Mfs Muni Inc Tr

Several hedge funds have recently modified their holdings of the company. Pathstone Holdings LLC boosted its position in Mfs Muni Inc Tr by 46.1% in the third quarter. Pathstone Holdings LLC now owns 3,944,944 shares of the closed-end fund’s stock worth $21,263,000 after purchasing an additional 1,245,143 shares during the last quarter. Rivernorth Capital Management LLC raised its stake in shares of Mfs Muni Inc Tr by 104.0% during the 4th quarter. Rivernorth Capital Management LLC now owns 810,998 shares of the closed-end fund’s stock worth $4,404,000 after purchasing an additional 413,450 shares during the period. Closed End Fund Advisors Inc. purchased a new position in shares of Mfs Muni Inc Tr in the 4th quarter worth about $1,442,000. Advisors Asset Management Inc. grew its position in Mfs Muni Inc Tr by 27.7% during the fourth quarter. Advisors Asset Management Inc. now owns 1,131,102 shares of the closed-end fund’s stock valued at $6,142,000 after buying an additional 245,549 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in Mfs Muni Inc Tr by 28.1% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 1,024,569 shares of the closed-end fund’s stock worth $5,758,000 after buying an additional 224,810 shares during the last quarter.

About Mfs Muni Inc Tr

MFS Municipal Income Trust (NYSE: MFM) is a closed-end management investment company that seeks to provide shareholders with a high level of income exempt from federal income tax. The trust primarily invests in a diversified portfolio of municipal securities, including both general obligation and revenue bonds issued by U.S. states, territories and municipalities. Its shares trade on the New York Stock Exchange, offering investors access to a professionally managed municipal bond portfolio within a single, publicly traded vehicle.

At least 80% of the trust’s total assets are allocated to investment-grade municipal debt, with the flexibility to invest up to 20% in non-investment grade or unrated securities when market conditions warrant.