Short Interest in MFS Intermediate Income Trust (NYSE:MIN) Rises By 194.3%

MFS Intermediate Income Trust (NYSE:MIN) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 352,900 shares, an increase of 194.3% from the November 30th total of 119,900 shares. Based on an average daily trading volume, of 217,400 shares, the days-to-cover ratio is presently 1.6 days.

MFS Intermediate Income Trust Price Performance

NYSE MIN traded up $0.02 during trading on Thursday, reaching $2.67. The company’s stock had a trading volume of 173,839 shares, compared to its average volume of 238,797. MFS Intermediate Income Trust has a 1-year low of $2.56 and a 1-year high of $2.85. The business has a 50-day moving average price of $2.70 and a 200-day moving average price of $2.71.

MFS Intermediate Income Trust Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a $0.0198 dividend. The ex-dividend date is Tuesday, December 17th.

Institutional Trading of MFS Intermediate Income Trust

A number of institutional investors and hedge funds have recently modified their holdings of MIN. Private Advisor Group LLC boosted its position in shares of MFS Intermediate Income Trust by 47.1% in the third quarter. Private Advisor Group LLC now owns 210,700 shares of the financial services provider’s stock valued at $573,000 after acquiring an additional 67,500 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in MFS Intermediate Income Trust in the 3rd quarter valued at $604,000. Choreo LLC acquired a new stake in MFS Intermediate Income Trust in the 2nd quarter worth $73,000. EP Wealth Advisors LLC increased its holdings in shares of MFS Intermediate Income Trust by 37.0% during the 3rd quarter. EP Wealth Advisors LLC now owns 15,750 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 4,250 shares during the period. Finally, Ameritas Advisory Services LLC raised its position in shares of MFS Intermediate Income Trust by 37.6% during the second quarter. Ameritas Advisory Services LLC now owns 232,640 shares of the financial services provider’s stock valued at $619,000 after buying an additional 63,582 shares during the last quarter. 50.90% of the stock is currently owned by institutional investors and hedge funds.

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.