MFS Multimarket Income Trust (NYSE:MMT) Short Interest Down 81.2% in June

MFS Multimarket Income Trust (NYSE:MMT) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 43,791 shares, a decrease of 81.2% from the June 15th total of 233,487 shares. Based on an average daily volume of 330,497 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of MFS Multimarket Income Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sit Investment Associates Inc. boosted its position in MFS Multimarket Income Trust by 127.2% during the fourth quarter. Sit Investment Associates Inc. now owns 642,159 shares of the closed-end fund’s stock valued at $2,986,000 after purchasing an additional 359,502 shares during the last quarter. First Heartland Consultants Inc. acquired a new position in shares of MFS Multimarket Income Trust during the 2nd quarter worth approximately $66,000. Rivernorth Capital Management LLC bought a new stake in shares of MFS Multimarket Income Trust during the 1st quarter worth approximately $1,558,000. Allspring Global Investments Holdings LLC raised its stake in shares of MFS Multimarket Income Trust by 3.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,450,887 shares of the closed-end fund’s stock worth $15,943,000 after purchasing an additional 106,882 shares in the last quarter. Finally, Gerald Baker Financial Group LLC acquired a new stake in shares of MFS Multimarket Income Trust in the 1st quarter valued at approximately $57,000. Institutional investors and hedge funds own 18.97% of the company’s stock.

MFS Multimarket Income Trust Stock Up 0.3%

MFS Multimarket Income Trust stock traded up $0.01 during mid-day trading on Monday, reaching $4.42. The company’s stock had a trading volume of 309,694 shares, compared to its average volume of 288,297. MFS Multimarket Income Trust has a 12 month low of $4.37 and a 12 month high of $4.87. The business’s 50 day simple moving average is $4.48 and its 200 day simple moving average is $4.58.

MFS Multimarket Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Thursday, July 23rd will be issued a $0.04 dividend. This represents a c) annualized dividend and a dividend yield of 10.9%. The ex-dividend date is Thursday, July 23rd. This is a positive change from MFS Multimarket Income Trust’s previous monthly dividend of $0.03.

MFS Multimarket Income Trust Company Profile

MFS Multimarket Income Trust (NYSE: MMT) is a closed-end management investment company that seeks to provide high current income through investments in a diversified global portfolio of income-producing securities. Launched in 1987, the trust is managed by MFS Investment Management, a Boston-based asset manager with roots dating back to 1924. MFS Investment Management acts as the investment adviser and leverages its multi-asset research capabilities to build and monitor MMT’s portfolio on behalf of shareholders.

The trust’s principal investment activities encompass a broad range of fixed-income and equity-related instruments.