MFS Multimarket Income Trust (NYSE:MMT – Get Free Report) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 327,719 shares, a decrease of 38.0% from the September 30th total of 528,406 shares. Based on an average daily trading volume, of 316,106 shares, the short-interest ratio is currently 1.0 days. Currently, 0.6% of the shares of the company are short sold.
Hedge Funds Weigh In On MFS Multimarket Income Trust
A number of institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its stake in MFS Multimarket Income Trust by 3.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,450,887 shares of the closed-end fund’s stock valued at $15,943,000 after purchasing an additional 106,882 shares in the last quarter. Rivernorth Capital Management LLC acquired a new stake in shares of MFS Multimarket Income Trust during the first quarter worth $1,558,000. NewEdge Advisors LLC lifted its stake in shares of MFS Multimarket Income Trust by 260.5% during the second quarter. NewEdge Advisors LLC now owns 187,488 shares of the closed-end fund’s stock worth $825,000 after buying an additional 135,487 shares during the period. Cetera Investment Advisers lifted its stake in shares of MFS Multimarket Income Trust by 75.7% during the first quarter. Cetera Investment Advisers now owns 178,117 shares of the closed-end fund’s stock worth $823,000 after buying an additional 76,756 shares during the period. Finally, Fortitude Advisory Group L.L.C. grew its holdings in shares of MFS Multimarket Income Trust by 83.9% during the second quarter. Fortitude Advisory Group L.L.C. now owns 163,481 shares of the closed-end fund’s stock valued at $719,000 after buying an additional 74,568 shares during the last quarter. 18.97% of the stock is owned by institutional investors.
MFS Multimarket Income Trust Trading Up 0.1%
MMT opened at $4.26 on Wednesday. MFS Multimarket Income Trust has a 1-year low of $4.12 and a 1-year high of $4.79. The firm’s 50 day simple moving average is $4.30 and its two-hundred day simple moving average is $4.48.
MFS Multimarket Income Trust shares are scheduled to reverse split on Monday, November 9th. The 1-4 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 8th.
MFS Multimarket Income Trust Announces Dividend
The business also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Friday, October 23rd were paid a $0.04 dividend. This represents a $0.48 annualized dividend and a dividend yield of 11.3%. The ex-dividend date was Friday, October 23rd.
About MFS Multimarket Income Trust
MFS Multimarket Income Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol MMT. The fund seeks to provide high current income, with capital appreciation as a secondary objective, by investing in a diversified portfolio of fixed-income securities.
The trust invests across multiple sectors and geographies, including government and corporate debt, mortgage-backed and asset-backed securities, and securities issued by companies and governments in developed and emerging markets.
Read More
- Five stocks we like better than MFS Multimarket Income Trust
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
- Apple’s Earnings Beat Comes With a Catch for Investors Heading Into the Holidays
- Palantir’s $2.3 Billion Quarter Puts Its Premium Valuation to the Test
Receive News & Ratings for MFS Multimarket Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFS Multimarket Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.
