Short Interest in MFS Multimarket Income Trust (NYSE:MMT) Grows By 139.9%

MFS Multimarket Income Trust (NYSE:MMT) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 269,919 shares, an increase of 139.9% from the August 15th total of 112,503 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 289,915 shares, the short-interest ratio is currently 0.9 days.

Institutional Investors Weigh In On MFS Multimarket Income Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Decision Investments Inc. lifted its stake in shares of MFS Multimarket Income Trust by 9.8% in the 1st quarter. Decision Investments Inc. now owns 32,500 shares of the closed-end fund’s stock valued at $150,000 after purchasing an additional 2,900 shares in the last quarter. Allworth Financial LP increased its position in MFS Multimarket Income Trust by 8.3% during the 2nd quarter. Allworth Financial LP now owns 40,596 shares of the closed-end fund’s stock worth $179,000 after purchasing an additional 3,096 shares in the last quarter. Baird Financial Group Inc. purchased a new position in MFS Multimarket Income Trust in the second quarter valued at approximately $49,000. Gerald Baker Financial Group LLC purchased a new position in MFS Multimarket Income Trust in the first quarter valued at approximately $57,000. Finally, Integrated Wealth Concepts LLC acquired a new position in MFS Multimarket Income Trust during the second quarter valued at approximately $59,000. 18.97% of the stock is currently owned by institutional investors and hedge funds.

MFS Multimarket Income Trust Stock Up 0.6%

Shares of NYSE MMT traded up $0.03 during trading on Monday, hitting $4.34. 168,663 shares of the company traded hands, compared to its average volume of 171,583. The company has a 50-day moving average price of $4.42 and a 200-day moving average price of $4.49. MFS Multimarket Income Trust has a 1 year low of $4.31 and a 1 year high of $4.87.

MFS Multimarket Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd will be issued a $0.04 dividend. The ex-dividend date is Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a yield of 11.0%.

MFS Multimarket Income Trust Company Profile

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.