MFS Intermediate Income Trust (NYSE:MIN) Sees Significant Decline in Short Interest

MFS Intermediate Income Trust (NYSE:MIN – Get Free Report) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 44,730 shares, a decrease of 73.7% from the September 30th total of 170,317 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 43,521 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On MFS Intermediate Income Trust

Large investors have recently made changes to their positions in the business. GatePass Capital LLC grew its position in shares of MFS Intermediate Income Trust by 2,212.3% during the 2nd quarter. GatePass Capital LLC now owns 601,200 shares of the financial services provider’s stock valued at $1,485,000 after acquiring an additional 575,200 shares during the period. Ameritas Advisory Services LLC grew its position in MFS Intermediate Income Trust by 24.3% in the 2nd quarter. Ameritas Advisory Services LLC now owns 333,668 shares of the financial services provider’s stock valued at $824,000 after acquiring an additional 65,151 shares in the last quarter. Advisory Solutions Group LLC acquired a new stake in shares of MFS Intermediate Income Trust during the second quarter worth about $43,000. Compound Planning Inc. increased its stake in MFS Intermediate Income Trust by 49.9% during the 1st quarter. Compound Planning Inc. now owns 25,797 shares of the financial services provider’s stock worth $65,000 after buying an additional 8,584 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in MFS Intermediate Income Trust by 1.5% in the first quarter. Private Advisor Group LLC now owns 347,425 shares of the financial services provider’s stock valued at $872,000 after purchasing an additional 5,075 shares during the period. 50.90% of the stock is owned by institutional investors and hedge funds.

MFS Intermediate Income Trust Stock Up 0.7%

Shares of MFS Intermediate Income Trust stock traded up $0.10 on Friday, hitting $14.06. The stock had a trading volume of 21,239 shares, compared to its average volume of 39,883. The stock’s 50-day simple moving average is $14.16 and its two-hundred day simple moving average is $14.76. MFS Intermediate Income Trust has a one year low of $13.61 and a one year high of $16.02.

MFS Intermediate Income Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 23rd will be paid a $0.12 dividend. This represents a $1.44 annualized dividend and a yield of 10.2%. The ex-dividend date is Friday, October 23rd. This is a decrease from MFS Intermediate Income Trust’s previous monthly dividend of $0.12.

About MFS Intermediate Income Trust

(Get Free Report)

MFS Intermediate Income Trust (NYSE:MIN) is a closed-end investment company managed by MFS Investment Management. The fund seeks to provide a high level of current income while also pursuing preservation of capital as a secondary objective.

The trust invests primarily in a diversified portfolio of fixed-income securities, including government and corporate bonds, mortgage- and asset-backed securities, and other debt instruments. Its holdings may include both investment-grade and below-investment-grade securities issued by U.S.

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