Mfs Muni Inc Tr (NYSE:MFM) Short Interest Down 40.1% in August

Mfs Muni Inc Tr (NYSE:MFM) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 48,886 shares, a drop of 40.1% from the July 30th total of 81,585 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 290,362 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Mfs Muni Inc Tr

A number of large investors have recently made changes to their positions in the stock. Pathstone Holdings LLC boosted its stake in shares of Mfs Muni Inc Tr by 46.1% during the 3rd quarter. Pathstone Holdings LLC now owns 3,944,944 shares of the closed-end fund’s stock worth $21,263,000 after acquiring an additional 1,245,143 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Mfs Muni Inc Tr by 1.1% in the 1st quarter. Bank of America Corp DE now owns 1,605,668 shares of the closed-end fund’s stock worth $8,655,000 after purchasing an additional 18,174 shares in the last quarter. UBS Group AG increased its stake in shares of Mfs Muni Inc Tr by 2.2% in the 4th quarter. UBS Group AG now owns 1,165,389 shares of the closed-end fund’s stock worth $6,328,000 after purchasing an additional 24,937 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Mfs Muni Inc Tr by 27.7% in the 4th quarter. Advisors Asset Management Inc. now owns 1,131,102 shares of the closed-end fund’s stock worth $6,142,000 after purchasing an additional 245,549 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in Mfs Muni Inc Tr by 28.1% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,024,569 shares of the closed-end fund’s stock worth $5,758,000 after purchasing an additional 224,810 shares during the period.

Mfs Muni Inc Tr Stock Down 0.7%

NYSE:MFM traded down $0.04 during trading hours on Tuesday, reaching $5.35. 430,373 shares of the company traded hands, compared to its average volume of 164,390. The business’s 50-day moving average price is $5.47 and its two-hundred day moving average price is $5.44. Mfs Muni Inc Tr has a 1 year low of $5.13 and a 1 year high of $5.67.

Mfs Muni Inc Tr Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 24th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 6.7%.

Mfs Muni Inc Tr Company Profile

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.