MFS Intermediate Income Trust (NYSE:MIN) Sees Significant Decrease in Short Interest

MFS Intermediate Income Trust (NYSE:MIN) was the target of a large decrease in short interest in February. As of February 15th, there was short interest totalling 290,600 shares, a decrease of 26.0% from the January 31st total of 392,800 shares. Based on an average trading volume of 202,800 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Trading of MFS Intermediate Income Trust

A number of large investors have recently made changes to their positions in the company. Focus Partners Wealth purchased a new stake in MFS Intermediate Income Trust during the 4th quarter valued at approximately $104,000. Citadel Advisors LLC grew its holdings in shares of MFS Intermediate Income Trust by 17.0% in the 4th quarter. Citadel Advisors LLC now owns 29,664 shares of the financial services provider’s stock worth $79,000 after acquiring an additional 4,310 shares during the period. Cary Street Partners Financial LLC acquired a new stake in shares of MFS Intermediate Income Trust in the 4th quarter worth approximately $95,000. Bank of America Corp DE grew its holdings in MFS Intermediate Income Trust by 3.6% during the 4th quarter. Bank of America Corp DE now owns 394,161 shares of the financial services provider’s stock valued at $1,048,000 after buying an additional 13,523 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in MFS Intermediate Income Trust by 5.8% during the 4th quarter. Ameriprise Financial Inc. now owns 1,759,098 shares of the financial services provider’s stock valued at $4,679,000 after buying an additional 96,198 shares during the last quarter. 50.90% of the stock is owned by institutional investors and hedge funds.

MFS Intermediate Income Trust Trading Down 0.6 %

Shares of NYSE:MIN traded down $0.02 on Tuesday, hitting $2.71. 80,724 shares of the company’s stock were exchanged, compared to its average volume of 156,832. The firm’s 50-day moving average is $2.68 and its 200 day moving average is $2.71. MFS Intermediate Income Trust has a 1-year low of $2.56 and a 1-year high of $2.79.

MFS Intermediate Income Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.0196 per share. This is a boost from MFS Intermediate Income Trust’s previous monthly dividend of $0.02. This represents a $0.24 annualized dividend and a dividend yield of 8.71%. The ex-dividend date is Tuesday, March 18th.

About MFS Intermediate Income Trust

MFS Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets across the globe. It primarily invests in debt instruments. The fund seeks to benchmarks the performance of its portfolio against the Barclays Intermediate U.S.