MFS Multimarket Income Trust (NYSE:MMT) Short Interest Update

MFS Multimarket Income Trust (NYSE:MMT) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 233,487 shares, an increase of 75.9% from the May 31st total of 132,711 shares. Based on an average daily trading volume, of 136,516 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Investors Weigh In On MFS Multimarket Income Trust

A number of hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in MFS Multimarket Income Trust by 3.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,450,887 shares of the closed-end fund’s stock worth $15,943,000 after purchasing an additional 106,882 shares during the period. Raymond James Financial Inc. grew its stake in shares of MFS Multimarket Income Trust by 6.6% in the 2nd quarter. Raymond James Financial Inc. now owns 913,667 shares of the closed-end fund’s stock valued at $4,294,000 after buying an additional 56,346 shares during the period. Invesco Ltd. increased its holdings in shares of MFS Multimarket Income Trust by 1.1% during the 3rd quarter. Invesco Ltd. now owns 771,385 shares of the closed-end fund’s stock worth $3,687,000 after buying an additional 8,367 shares during the last quarter. Sit Investment Associates Inc. increased its holdings in shares of MFS Multimarket Income Trust by 127.2% during the 4th quarter. Sit Investment Associates Inc. now owns 642,159 shares of the closed-end fund’s stock worth $2,986,000 after buying an additional 359,502 shares during the last quarter. Finally, Pathstone Holdings LLC raised its position in shares of MFS Multimarket Income Trust by 19.6% during the 3rd quarter. Pathstone Holdings LLC now owns 603,311 shares of the closed-end fund’s stock valued at $2,884,000 after buying an additional 98,797 shares during the period. Hedge funds and other institutional investors own 18.97% of the company’s stock.

MFS Multimarket Income Trust Price Performance

NYSE MMT opened at $4.41 on Friday. The stock’s fifty day moving average is $4.50 and its two-hundred day moving average is $4.60. MFS Multimarket Income Trust has a fifty-two week low of $4.37 and a fifty-two week high of $4.87.

MFS Multimarket Income Trust Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were given a dividend of $0.0328 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a c) annualized dividend and a dividend yield of 8.9%.

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.