MFS Charter Income Trust (NYSE:MCR) Short Interest Up 509.4% in June

MFS Charter Income Trust (NYSE:MCR) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 96,296 shares, a growth of 509.4% from the May 31st total of 15,802 shares. Based on an average daily trading volume, of 110,697 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Geneos Wealth Management Inc. purchased a new position in MFS Charter Income Trust during the first quarter worth about $34,000. B. Riley Wealth Advisors Inc. purchased a new stake in MFS Charter Income Trust in the 2nd quarter valued at approximately $70,000. Landscape Capital Management L.L.C. acquired a new position in MFS Charter Income Trust during the 4th quarter worth approximately $73,000. Millennium Management LLC acquired a new position in MFS Charter Income Trust during the 4th quarter worth approximately $76,000. Finally, Evolve Private Wealth LLC purchased a new position in shares of MFS Charter Income Trust during the 1st quarter worth approximately $79,000.

MFS Charter Income Trust Trading Down 0.0%

Shares of MCR stock traded down $0.00 during midday trading on Friday, hitting $5.94. The company had a trading volume of 75,078 shares, compared to its average volume of 88,208. The company’s 50 day simple moving average is $5.99 and its 200 day simple moving average is $6.13. MFS Charter Income Trust has a 52-week low of $5.84 and a 52-week high of $6.58.

MFS Charter Income Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were given a dividend of $0.0437 per share. The ex-dividend date was Monday, June 8th. This represents a c) dividend on an annualized basis and a yield of 8.8%.

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.