Short Interest in MFS Charter Income Trust (NYSE:MCR) Drops By 50.0%

MFS Charter Income Trust (NYSE:MCR) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 29,481 shares, a drop of 50.0% from the December 15th total of 58,998 shares. Based on an average daily volume of 145,661 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 145,661 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On MFS Charter Income Trust

Hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. purchased a new stake in shares of MFS Charter Income Trust during the first quarter worth $34,000. B. Riley Wealth Advisors Inc. purchased a new stake in MFS Charter Income Trust during the 2nd quarter worth about $70,000. International Assets Investment Management LLC purchased a new stake in MFS Charter Income Trust during the 2nd quarter worth about $74,000. Susquehanna International Group LLP acquired a new stake in MFS Charter Income Trust in the 3rd quarter valued at about $117,000. Finally, Benjamin Edwards Inc. purchased a new position in shares of MFS Charter Income Trust in the 3rd quarter valued at about $230,000.

MFS Charter Income Trust Trading Down 0.2%

Shares of NYSE MCR traded down $0.01 during trading on Friday, reaching $6.31. The stock had a trading volume of 42,083 shares, compared to its average volume of 70,698. The business’s 50-day moving average price is $6.30 and its 200-day moving average price is $6.35. MFS Charter Income Trust has a fifty-two week low of $5.57 and a fifty-two week high of $6.58.

MFS Charter Income Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Tuesday, January 20th will be paid a $0.0448 dividend. The ex-dividend date of this dividend is Tuesday, January 20th. This represents a c) annualized dividend and a dividend yield of 8.5%.

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.