MFS Multimarket Income Trust (NYSE:MMT) Shares Shorted: Short Interest Up 67.4% in September

MFS Multimarket Income Trust (NYSE:MMT) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 528,406 shares, a growth of 67.4% from the September 15th total of 315,593 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 353,507 shares, the days-to-cover ratio is currently 1.5 days.

MFS Multimarket Income Trust Stock Up 0.6%

MMT opened at $4.25 on Friday. MFS Multimarket Income Trust has a 52-week low of $4.15 and a 52-week high of $4.80. The firm’s fifty day simple moving average is $4.37 and its two-hundred day simple moving average is $4.44.

MFS Multimarket Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 23rd will be paid a $0.04 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 11.3%.

Institutional Investors Weigh In On MFS Multimarket Income Trust

Several hedge funds and other institutional investors have recently bought and sold shares of MMT. Integrated Wealth Concepts LLC acquired a new stake in shares of MFS Multimarket Income Trust during the 2nd quarter worth about $59,000. NewEdge Advisors LLC lifted its position in MFS Multimarket Income Trust by 260.5% in the second quarter. NewEdge Advisors LLC now owns 187,488 shares of the closed-end fund’s stock valued at $825,000 after buying an additional 135,487 shares during the last quarter. Baird Financial Group Inc. acquired a new position in MFS Multimarket Income Trust in the second quarter valued at about $49,000. Allworth Financial LP lifted its position in MFS Multimarket Income Trust by 8.3% in the second quarter. Allworth Financial LP now owns 40,596 shares of the closed-end fund’s stock valued at $179,000 after buying an additional 3,096 shares during the last quarter. Finally, Waverly Advisors LLC lifted its position in MFS Multimarket Income Trust by 395.1% in the second quarter. Waverly Advisors LLC now owns 72,466 shares of the closed-end fund’s stock valued at $319,000 after buying an additional 57,829 shares during the last quarter. 18.97% of the stock is currently owned by institutional investors and hedge funds.

About MFS Multimarket Income Trust

MFS Multimarket Income Trust (NYSE: MMT) is a closed-end investment company managed by MFS Investment Management. The fund seeks to provide current income and, as a secondary objective, capital appreciation by investing in a diversified portfolio of fixed-income securities and other income-producing investments.

The trust may invest across multiple sectors, credit qualities and geographic regions, including U.S. and foreign government obligations, corporate bonds, mortgage- and asset-backed securities, emerging-market debt and high-yield securities.