Short Interest in MFS Multimarket Income Trust (NYSE:MMT) Expands By 91.5%

MFS Multimarket Income Trust (NYSE:MMT) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 26,019 shares, a growth of 91.5% from the December 31st total of 13,588 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 95,791 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 95,791 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. raised its position in shares of MFS Multimarket Income Trust by 780.0% during the first quarter. Geneos Wealth Management Inc. now owns 10,155 shares of the closed-end fund’s stock valued at $47,000 after buying an additional 9,001 shares during the last quarter. Impact Capital Partners LLC purchased a new position in shares of MFS Multimarket Income Trust in the 3rd quarter valued at approximately $48,000. North Capital Inc. purchased a new position in MFS Multimarket Income Trust during the 3rd quarter worth approximately $48,000. Park Avenue Securities LLC purchased a new position in MFS Multimarket Income Trust during the third quarter valued at approximately $49,000. Finally, Melfa Wealth Management Inc. purchased a new position in shares of MFS Multimarket Income Trust in the 4th quarter valued at about $72,000. 18.97% of the stock is owned by hedge funds and other institutional investors.

MFS Multimarket Income Trust Stock Performance

Shares of MMT stock traded up $0.02 during mid-day trading on Friday, reaching $4.72. 101,728 shares of the stock traded hands, compared to its average volume of 83,025. MFS Multimarket Income Trust has a 1-year low of $4.31 and a 1-year high of $4.87. The stock’s fifty day simple moving average is $4.69 and its two-hundred day simple moving average is $4.71.

MFS Multimarket Income Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Tuesday, January 20th were issued a dividend of $0.0337 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) annualized dividend and a yield of 8.6%.

About MFS Multimarket Income Trust

MFS Multimarket Income Trust (NYSE: MMT) is a closed-end management investment company that seeks to provide high current income through investments in a diversified global portfolio of income-producing securities. Launched in 1987, the trust is managed by MFS Investment Management, a Boston-based asset manager with roots dating back to 1924. MFS Investment Management acts as the investment adviser and leverages its multi-asset research capabilities to build and monitor MMT’s portfolio on behalf of shareholders.

The trust’s principal investment activities encompass a broad range of fixed-income and equity-related instruments.