MFS Multimarket Income Trust (NYSE:MMT) Short Interest Update

MFS Multimarket Income Trust (NYSE:MMT) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 35,600 shares, a growth of 156.1% from the February 28th total of 13,900 shares. Based on an average trading volume of 88,600 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

MFS Multimarket Income Trust Stock Down 0.1 %

MFS Multimarket Income Trust stock traded down $0.01 during trading hours on Thursday, hitting $4.64. 49,725 shares of the stock traded hands, compared to its average volume of 79,442. The firm’s 50 day moving average price is $4.66 and its 200-day moving average price is $4.71. MFS Multimarket Income Trust has a 1 year low of $4.43 and a 1 year high of $4.90.

MFS Multimarket Income Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be issued a $0.0337 dividend. This is an increase from MFS Multimarket Income Trust’s previous monthly dividend of $0.03. This represents a $0.40 annualized dividend and a dividend yield of 8.72%. The ex-dividend date of this dividend is Tuesday, March 18th.

Hedge Funds Weigh In On MFS Multimarket Income Trust

Several institutional investors and hedge funds have recently modified their holdings of MMT. Atomi Financial Group Inc. grew its position in shares of MFS Multimarket Income Trust by 6.8% during the 4th quarter. Atomi Financial Group Inc. now owns 59,447 shares of the closed-end fund’s stock valued at $279,000 after acquiring an additional 3,759 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of MFS Multimarket Income Trust by 4.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 183,356 shares of the closed-end fund’s stock worth $860,000 after buying an additional 7,055 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of MFS Multimarket Income Trust in the fourth quarter valued at approximately $49,000. Cetera Investment Advisers increased its stake in shares of MFS Multimarket Income Trust by 8.3% in the 4th quarter. Cetera Investment Advisers now owns 176,474 shares of the closed-end fund’s stock worth $828,000 after acquiring an additional 13,507 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in MFS Multimarket Income Trust during the fourth quarter worth about $68,000. Institutional investors and hedge funds own 18.97% of the company’s stock.

About MFS Multimarket Income Trust

MFS Multimarket Income Trust is a closed ended fixed income mutual fund launched and managed by MFS Investment Management, Inc The fund invests in the fixed income markets across the globe with greater emphasis on United States. It seeks to invest in fixed income securities issued by U.S. Government, foreign government, mortgage backed, and other asset-backed securities of U.S.