MFS Charter Income Trust (NYSE:MCR) Short Interest Update

MFS Charter Income Trust (NYSE:MCR) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 29,481 shares, a decrease of 50.0% from the December 15th total of 58,998 shares. Based on an average trading volume of 145,661 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 145,661 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and 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 in the 1st quarter worth approximately $34,000. B. Riley Wealth Advisors Inc. bought a new stake in MFS Charter Income Trust during the second quarter worth approximately $70,000. International Assets Investment Management LLC acquired a new position in MFS Charter Income Trust in the second quarter worth approximately $74,000. Susquehanna International Group LLP acquired a new position in MFS Charter Income Trust in the third quarter worth approximately $117,000. Finally, Benjamin Edwards Inc. bought a new position in shares of MFS Charter Income Trust in the third quarter valued at $230,000.

MFS Charter Income Trust Trading Down 0.2%

NYSE:MCR traded down $0.01 during mid-day trading on Friday, hitting $6.31. The stock had a trading volume of 42,083 shares, compared to its average volume of 70,698. The company has a 50 day simple moving average of $6.30 and a 200-day simple moving average of $6.35. MFS Charter Income Trust has a 52 week low of $5.57 and a 52 week high of $6.58.

MFS Charter Income Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Tuesday, January 20th will be given a $0.0448 dividend. This represents a c) annualized dividend and a yield of 8.5%. The ex-dividend date is Tuesday, January 20th.

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.