MFS Multimarket Income Trust (NYSE:MMT – Get Free Report) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 112,503 shares, a growth of 302.6% from the July 30th total of 27,945 shares. Based on an average daily volume of 265,615 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.
Hedge Funds Weigh In On MFS Multimarket Income Trust
Several institutional investors have recently added to or reduced their stakes in MMT. Advisors Asset Management Inc. purchased a new stake in shares of MFS Multimarket Income Trust during the 4th quarter worth approximately $1,833,000. Sit Investment Associates Inc. grew its holdings in shares of 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 purchasing an additional 359,502 shares in the last quarter. Rivernorth Capital Management LLC bought a new stake in MFS Multimarket Income Trust in the first quarter worth $1,558,000. Allspring Global Investments Holdings LLC increased its position in MFS Multimarket Income Trust by 3.2% in the first 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 during the last quarter. Finally, Pathstone Holdings LLC increased its position in MFS Multimarket Income Trust by 19.6% in the third quarter. Pathstone Holdings LLC now owns 603,311 shares of the closed-end fund’s stock worth $2,884,000 after purchasing an additional 98,797 shares during the last quarter. Hedge funds and other institutional investors own 18.97% of the company’s stock.
MFS Multimarket Income Trust Trading Up 0.9%
Shares of MFS Multimarket Income Trust stock traded up $0.04 during trading on Friday, reaching $4.48. 194,683 shares of the stock traded hands, compared to its average volume of 168,133. The business has a fifty day simple moving average of $4.42 and a two-hundred day simple moving average of $4.52. MFS Multimarket Income Trust has a 52-week low of $4.31 and a 52-week high of $4.87.
MFS Multimarket Income Trust Announces Dividend
About MFS Multimarket Income Trust
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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