MFS Multimarket Income Trust (NYSE:MMT) Short Interest Update

MFS Multimarket Income Trust (NYSE:MMTGet 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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sit Investment Associates Inc. grew its stake in MFS Multimarket Income Trust by 127.2% in the fourth quarter. Sit Investment Associates Inc. now owns 642,159 shares of the closed-end fund’s stock valued at $2,986,000 after acquiring an additional 359,502 shares during the period. CoreCap Advisors LLC increased its holdings in shares of MFS Multimarket Income Trust by 3,190.9% during the second quarter. CoreCap Advisors LLC now owns 51,338 shares of the closed-end fund’s stock valued at $226,000 after acquiring an additional 49,778 shares in the last quarter. Rivernorth Capital Management LLC acquired a new position in shares of MFS Multimarket Income Trust during the first quarter worth approximately $1,558,000. Gerald Baker Financial Group LLC acquired a new position in shares of MFS Multimarket Income Trust during the first quarter worth approximately $57,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of MFS Multimarket Income Trust by 3.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,450,887 shares of the closed-end fund’s stock worth $15,943,000 after purchasing an additional 106,882 shares in the last quarter. Institutional investors own 18.97% of the company’s stock.

MFS Multimarket Income Trust Company Profile

(Get Free Report)

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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