MFS Multimarket Income Trust (NYSE:MMT) Short Interest Down 52.2% in July

MFS Multimarket Income Trust (NYSE:MMT) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 27,945 shares, a decline of 52.2% from the July 15th total of 58,408 shares. Based on an average daily volume of 378,022 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

MFS Multimarket Income Trust Trading Down 0.1%

NYSE MMT traded down $0.01 on Tuesday, reaching $4.46. The company had a trading volume of 149,981 shares, compared to its average volume of 163,215. The stock’s 50 day moving average is $4.43 and its 200-day moving average is $4.53. MFS Multimarket Income Trust has a 52 week low of $4.31 and a 52 week high of $4.87.

MFS Multimarket Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be given a dividend of $0.04 per share. This represents a c) annualized dividend and a dividend yield of 10.8%. The ex-dividend date is Monday, August 24th.

Institutional Trading of MFS Multimarket Income Trust

A number of hedge funds have recently modified their holdings of the company. Decision Investments Inc. boosted its stake in MFS Multimarket Income Trust by 9.8% during the 1st quarter. Decision Investments Inc. now owns 32,500 shares of the closed-end fund’s stock worth $150,000 after acquiring an additional 2,900 shares during the last quarter. Focus Partners Wealth boosted its position in shares of MFS Multimarket Income Trust by 14.1% during the first quarter. Focus Partners Wealth now owns 28,645 shares of the closed-end fund’s stock worth $133,000 after purchasing an additional 3,550 shares in the last quarter. Founders Financial Alliance LLC boosted its position in shares of MFS Multimarket Income Trust by 14.4% during the fourth quarter. Founders Financial Alliance LLC now owns 30,924 shares of the closed-end fund’s stock worth $144,000 after purchasing an additional 3,883 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of MFS Multimarket Income Trust by 1.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 378,191 shares of the closed-end fund’s stock valued at $1,759,000 after buying an additional 4,289 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of MFS Multimarket Income Trust by 23.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 27,513 shares of the closed-end fund’s stock valued at $129,000 after buying an additional 5,161 shares in the last quarter. 18.97% of the stock is currently owned by institutional investors and hedge funds.

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.