MFS Intermediate Income Trust (NYSE:MIN) Short Interest Update

MFS Intermediate Income Trust (NYSE:MIN) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 250,639 shares, a growth of 69.6% from the April 30th total of 147,764 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 293,974 shares, the days-to-cover ratio is presently 0.9 days.

MFS Intermediate Income Trust Price Performance

Shares of MIN remained flat at $2.44 during mid-day trading on Wednesday. The stock had a trading volume of 21,084 shares, compared to its average volume of 274,099. MFS Intermediate Income Trust has a twelve month low of $2.41 and a twelve month high of $2.73. The stock has a 50-day simple moving average of $2.47 and a 200-day simple moving average of $2.56.

MFS Intermediate Income Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a dividend of $0.0186 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a c) dividend on an annualized basis and a yield of 9.2%.

Hedge Funds Weigh In On MFS Intermediate Income Trust

Institutional investors have recently bought and sold shares of the business. Stephens Inc. AR increased its holdings in shares of MFS Intermediate Income Trust by 3.3% in the 4th quarter. Stephens Inc. AR now owns 124,255 shares of the financial services provider’s stock worth $324,000 after buying an additional 4,000 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of MFS Intermediate Income Trust by 1.5% in the 1st quarter. Private Advisor Group LLC now owns 347,425 shares of the financial services provider’s stock valued at $872,000 after acquiring an additional 5,075 shares during the last quarter. Benjamin Edwards Inc. grew its position in MFS Intermediate Income Trust by 34.7% in the fourth quarter. Benjamin Edwards Inc. now owns 27,170 shares of the financial services provider’s stock worth $71,000 after acquiring an additional 7,000 shares in the last quarter. Compound Planning Inc. grew its position in MFS Intermediate Income Trust by 49.9% in the first quarter. Compound Planning Inc. now owns 25,797 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 8,584 shares in the last quarter. Finally, Ameritas Advisory Services LLC increased its stake in MFS Intermediate Income Trust by 2.8% during the third quarter. Ameritas Advisory Services LLC now owns 336,073 shares of the financial services provider’s stock worth $901,000 after acquiring an additional 9,108 shares during the last quarter. Institutional investors own 50.90% of the company’s stock.

About MFS Intermediate Income Trust

MFS Intermediate Income Trust (NYSE: MIN) is a closed-end management investment company that seeks to provide a high level of current income consistent with the preservation of capital. The Trust pursues its objective by investing primarily in a diversified portfolio of intermediate-duration fixed-income securities. Its holdings typically include investment-grade corporate bonds, mortgage- and asset-backed securities, and select non-investment-grade debt instruments. The Trust may employ leverage to enhance income potential and intends to distribute gains and interest earnings on a monthly basis.

The portfolio is managed by the fixed-income team at MFS Investment Management, a global asset manager founded in 1924 and headquartered in Boston, Massachusetts.