Mfs Muni Inc Tr (NYSE:MFM – Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 30,188 shares, a drop of 72.3% from the August 31st total of 109,125 shares. Based on an average trading volume of 341,484 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.
Institutional Trading of Mfs Muni Inc Tr
Several institutional investors and hedge funds have recently added to or reduced their stakes in MFM. Hennion & Walsh Asset Management Inc. grew its holdings in Mfs Muni Inc Tr by 28.1% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,024,569 shares of the closed-end fund’s stock valued at $5,758,000 after buying an additional 224,810 shares in the last quarter. Robinson Capital Management LLC grew its position in shares of Mfs Muni Inc Tr by 501.1% during the second quarter. Robinson Capital Management LLC now owns 1,076,957 shares of the closed-end fund’s stock valued at $6,052,000 after purchasing an additional 897,784 shares in the last quarter. Closed End Fund Advisors Inc. bought a new stake in shares of Mfs Muni Inc Tr in the fourth quarter worth about $1,442,000. NewEdge Advisors LLC boosted its stake in Mfs Muni Inc Tr by 103.0% during the second quarter. NewEdge Advisors LLC now owns 320,314 shares of the closed-end fund’s stock valued at $1,800,000 after buying an additional 162,503 shares during the last quarter. Finally, Rivernorth Capital Management LLC grew its holdings in Mfs Muni Inc Tr by 12.0% during the 1st quarter. Rivernorth Capital Management LLC now owns 908,050 shares of the closed-end fund’s stock valued at $4,894,000 after buying an additional 97,052 shares in the last quarter.
Mfs Muni Inc Tr Stock Performance
Shares of MFM opened at $4.91 on Friday. The business has a 50-day simple moving average of $5.31 and a two-hundred day simple moving average of $5.39. Mfs Muni Inc Tr has a 52 week low of $4.90 and a 52 week high of $5.67.
Mfs Muni Inc Tr Announces Dividend
About Mfs Muni Inc Tr
MFS Municipal Income Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol MFM. The fund seeks to provide current income that is exempt from federal income tax by investing primarily in municipal bonds and other municipal securities.
The trust’s portfolio may include obligations issued by states, municipalities and other governmental entities, as well as securities issued to finance public infrastructure and essential services. Its investments generally span municipal issuers across the United States, with portfolio composition and geographic exposure changing over time based on market conditions and the fund’s investment strategy.
MFS Municipal Income Trust is managed by MFS Investment Management, an investment management firm that provides portfolio management and related services to mutual funds, closed-end funds and other institutional and individual investors.
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