MFS Multimarket Income Trust (NYSE:MMT) Sees Significant Increase in Short Interest

MFS Multimarket Income Trust (NYSE:MMT) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 39,200 shares, an increase of 71.2% from the May 15th total of 22,900 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 100,200 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of MFS Multimarket Income Trust

Several hedge funds and other institutional investors have recently made changes to their positions in MMT. Geneos Wealth Management Inc. boosted its holdings in MFS Multimarket Income Trust by 780.0% during the first quarter. Geneos Wealth Management Inc. now owns 10,155 shares of the closed-end fund’s stock worth $47,000 after buying an additional 9,001 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in MFS Multimarket Income Trust during the fourth quarter worth about $49,000. Citadel Advisors LLC purchased a new stake in MFS Multimarket Income Trust during the fourth quarter worth about $68,000. Broadway Wealth Solutions Inc. purchased a new stake in MFS Multimarket Income Trust during the fourth quarter worth about $70,000. Finally, Founders Financial Alliance LLC purchased a new stake in MFS Multimarket Income Trust during the first quarter worth about $70,000. Hedge funds and other institutional investors own 18.97% of the company’s stock.

MFS Multimarket Income Trust Stock Up 0.3%

Shares of NYSE:MMT opened at $4.66 on Tuesday. The firm’s 50-day simple moving average is $4.58 and its 200-day simple moving average is $4.63. MFS Multimarket Income Trust has a fifty-two week low of $4.31 and a fifty-two week high of $4.90.

MFS Multimarket Income Trust Dividend Announcement

The company also recently announced a — dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be issued a $0.033 dividend. This represents a dividend yield of 8.7%. The ex-dividend date is Tuesday, June 17th.

About MFS Multimarket Income Trust

MFS Multimarket Income Trust is a closed ended fixed income mutual fund launched and managed by MFS Investment Management, Inc The fund invests in the fixed income markets across the globe with greater emphasis on United States. It seeks to invest in fixed income securities issued by U.S. Government, foreign government, mortgage backed, and other asset-backed securities of U.S.