Short Interest in MFS Charter Income Trust (NYSE:MCR) Rises By 110.3%

MFS Charter Income Trust (NYSE:MCR) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 46,900 shares, a growth of 110.3% from the August 31st total of 22,300 shares. Based on an average daily volume of 59,500 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 59,500 shares, the days-to-cover ratio is currently 0.8 days.

MFS Charter Income Trust Stock Performance

MFS Charter Income Trust stock traded up $0.03 during mid-day trading on Monday, hitting $6.41. 4,159 shares of the company were exchanged, compared to its average volume of 65,237. MFS Charter Income Trust has a 1-year low of $5.57 and a 1-year high of $6.58. The business has a fifty day moving average of $6.40 and a 200 day moving average of $6.30.

MFS Charter Income Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 14th will be given a dividend of $0.0453 per share. This represents a c) annualized dividend and a dividend yield of 8.5%. The ex-dividend date is Tuesday, October 14th. This is an increase from MFS Charter Income Trust’s previous monthly dividend of $0.04.

Hedge Funds Weigh In On MFS Charter Income Trust

Institutional investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. grew its position in shares of MFS Charter Income Trust by 18.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 108,616 shares of the financial services provider’s stock valued at $681,000 after purchasing an additional 16,926 shares during the period. Farther Finance Advisors LLC bought a new stake in shares of MFS Charter Income Trust during the 1st quarter worth approximately $71,000. Jane Street Group LLC acquired a new position in shares of MFS Charter Income Trust during the 4th quarter worth approximately $79,000. Citadel Advisors LLC acquired a new position in shares of MFS Charter Income Trust during the 4th quarter worth approximately $82,000. Finally, Riverbridge Partners LLC grew its holdings in MFS Charter Income Trust by 3.7% in the 2nd quarter. Riverbridge Partners LLC now owns 99,515 shares of the financial services provider’s stock valued at $633,000 after buying an additional 3,586 shares in the last quarter.

MFS Charter Income Trust Company Profile

MFS Charter Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets across the globe. It invests primarily in corporate bonds of U.S. or foreign issuers, U.S. Government securities, foreign government securities, mortgage-backed, and other asset-backed securities of U.S.