MFS Multimarket Income Trust (NYSE:MMT – Get Free Report) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 327,719 shares, a drop of 38.0% from the September 30th total of 528,406 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 316,106 shares, the short-interest ratio is presently 1.0 days.
MFS Multimarket Income Trust Price Performance
Shares of MFS Multimarket Income Trust stock traded up $0.07 during trading on Monday, hitting $4.25. 269,213 shares of the company’s stock traded hands, compared to its average volume of 201,630. The firm’s fifty day moving average price is $4.31 and its 200 day moving average price is $4.48. MFS Multimarket Income Trust has a twelve month low of $4.12 and a twelve month high of $4.79.
Shares of MFS Multimarket Income Trust are scheduled to reverse split on the morning of Monday, November 9th. The 1-4 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, November 8th.
MFS Multimarket Income Trust Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 23rd were paid a dividend of $0.04 per share. The ex-dividend date was Friday, October 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 11.3%.
Institutional Investors Weigh In On MFS Multimarket Income Trust
A number of institutional investors have recently added to or reduced their stakes in MMT. Baird Financial Group Inc. bought a new position in shares of MFS Multimarket Income Trust during the 2nd quarter worth approximately $49,000. First Nebraska Trust Co bought a new position in MFS Multimarket Income Trust during the 3rd quarter valued at about $52,000. Gerald Baker Financial Group LLC bought a new position in MFS Multimarket Income Trust during the 1st quarter valued at about $57,000. Integrated Wealth Concepts LLC acquired a new position in MFS Multimarket Income Trust in the second quarter valued at about $59,000. Finally, First Heartland Consultants Inc. acquired a new position in MFS Multimarket Income Trust in the second quarter valued at about $66,000. 18.97% of the stock is owned by institutional investors and hedge funds.
MFS Multimarket Income Trust Company Profile
MFS Multimarket Income Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol MMT. The fund seeks to provide high current income, with capital appreciation as a secondary objective, by investing in a diversified portfolio of fixed-income securities.
The trust invests across multiple sectors and geographies, including government and corporate debt, mortgage-backed and asset-backed securities, and securities issued by companies and governments in developed and emerging markets.
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