MFS Charter Income Trust (NYSE:MCR) Sees Large Increase in Short Interest

MFS Charter Income Trust (NYSE:MCR) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 7,626 shares, an increase of 75.8% from the April 15th total of 4,338 shares. Based on an average trading volume of 81,917 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On MFS Charter Income Trust

Hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. acquired a new position in shares of MFS Charter Income Trust during the first quarter worth $34,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of MFS Charter Income Trust during the second quarter worth $70,000. Landscape Capital Management L.L.C. acquired a new position in shares of MFS Charter Income Trust during the fourth quarter worth $73,000. Millennium Management LLC acquired a new position in shares of MFS Charter Income Trust during the fourth quarter worth $76,000. Finally, Evolve Private Wealth LLC acquired a new position in shares of MFS Charter Income Trust during the first quarter worth $79,000.

MFS Charter Income Trust Trading Up 0.6%

Shares of NYSE MCR traded up $0.04 during mid-day trading on Monday, hitting $5.98. 35,210 shares of the stock traded hands, compared to its average volume of 83,931. MFS Charter Income Trust has a twelve month low of $5.84 and a twelve month high of $6.58. The firm has a 50 day simple moving average of $6.04 and a two-hundred day simple moving average of $6.20.

MFS Charter Income Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th will be issued a dividend of $0.044 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%. This is a boost from MFS Charter Income Trust’s previous monthly dividend of $0.04. The ex-dividend date is Tuesday, May 19th.

MFS Charter Income Trust Company Profile

MFS Charter Income Trust (NYSE: MCR) is a diversified, closed-end management investment company organized in 1987. As part of the MFS Investment Management family, the Trust seeks to provide its shareholders with high current income and preservation of capital. The fund’s shares trade on the New York Stock Exchange, offering investors access to a managed portfolio of income-oriented securities within a single, publicly listed vehicle.

The fund primarily invests in a broad mix of preferred stocks, convertible securities and high-yield corporate bonds.