Short Interest in MFS Intermediate Income Trust (NYSE:MIN) Increases By 16.0%

MFS Intermediate Income Trust (NYSE:MIN) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 337,200 shares, a growth of 16.0% from the February 13th total of 290,600 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 203,600 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Trading of MFS Intermediate Income Trust

Large investors have recently modified their holdings of the company. EP Wealth Advisors LLC raised its stake in MFS Intermediate Income Trust by 37.0% during the 3rd quarter. EP Wealth Advisors LLC now owns 15,750 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 4,250 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of MFS Intermediate Income Trust in the 4th quarter valued at $45,000. XTX Topco Ltd acquired a new position in shares of MFS Intermediate Income Trust in the 4th quarter valued at $67,000. Citadel Advisors LLC raised its stake in shares of MFS Intermediate Income Trust by 17.0% in the 4th quarter. Citadel Advisors LLC now owns 29,664 shares of the financial services provider’s stock valued at $79,000 after buying an additional 4,310 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of MFS Intermediate Income Trust in the 3rd quarter valued at $92,000. 50.90% of the stock is owned by institutional investors.

MFS Intermediate Income Trust Stock Performance

Shares of MFS Intermediate Income Trust stock traded up $0.01 during trading on Wednesday, hitting $2.70. The stock had a trading volume of 192,874 shares, compared to its average volume of 209,507. MFS Intermediate Income Trust has a 1 year low of $2.56 and a 1 year high of $2.79. The stock has a 50 day simple moving average of $2.69 and a 200 day simple moving average of $2.70.

MFS Intermediate Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be given a $0.0196 dividend. This represents a $0.24 annualized dividend and a yield of 8.75%. This is an increase from MFS Intermediate Income Trust’s previous monthly dividend of $0.02. The ex-dividend date is Tuesday, March 18th.

About MFS Intermediate Income Trust

MFS Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets across the globe. It primarily invests in debt instruments. The fund seeks to benchmarks the performance of its portfolio against the Barclays Intermediate U.S.