MFS Multimarket Income Trust (NYSE:MMT – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 43,791 shares, a drop of 81.2% from the June 15th total of 233,487 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 330,497 shares, the days-to-cover ratio is currently 0.1 days.
MFS Multimarket Income Trust Price Performance
Shares of NYSE MMT traded down $0.01 during trading on Friday, hitting $4.41. 177,683 shares of the company traded hands, compared to its average volume of 286,638. The business’s fifty day moving average is $4.48 and its 200 day moving average is $4.59. 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 announced a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were given a $0.0328 dividend. This represents a c) dividend on an annualized basis and a yield of 8.9%. The ex-dividend date of this dividend was Monday, June 8th.
Institutional Inflows and Outflows
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.
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