MFS Multimarket Income Trust (NYSE:MMT) Short Interest Update

MFS Multimarket Income Trust (NYSE:MMT) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 233,487 shares, an increase of 75.9% from the May 31st total of 132,711 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 136,516 shares, the short-interest ratio is currently 1.7 days.

MFS Multimarket Income Trust Trading Up 0.3%

Shares of NYSE MMT opened at $4.42 on Thursday. MFS Multimarket Income Trust has a fifty-two week low of $4.37 and a fifty-two week high of $4.87. The stock has a fifty day moving average of $4.50 and a 200-day moving average of $4.60.

MFS Multimarket Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were issued a dividend of $0.0328 per share. This represents a c) dividend on an annualized basis and a yield of 8.9%. The ex-dividend date of this dividend was Monday, June 8th.

Hedge Funds Weigh In On MFS Multimarket Income Trust

Large investors have recently modified their holdings of the company. Advisors Asset Management Inc. bought a new stake in MFS Multimarket Income Trust during the 4th quarter worth approximately $1,833,000. Sit Investment Associates Inc. grew its position in shares of MFS Multimarket Income Trust by 127.2% during the 4th quarter. Sit Investment Associates Inc. now owns 642,159 shares of the closed-end fund’s stock valued at $2,986,000 after purchasing an additional 359,502 shares in the last quarter. Rivernorth Capital Management LLC bought a new position in shares of MFS Multimarket Income Trust in the first quarter worth $1,558,000. Allspring Global Investments Holdings LLC raised its position in shares of MFS Multimarket Income Trust by 3.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,450,887 shares of the closed-end fund’s stock worth $15,943,000 after buying an additional 106,882 shares in the last quarter. Finally, Pathstone Holdings LLC boosted its stake in MFS Multimarket Income Trust by 19.6% during the third quarter. Pathstone Holdings LLC now owns 603,311 shares of the closed-end fund’s stock valued at $2,884,000 after buying an additional 98,797 shares during the period. 18.97% of the stock is currently owned by institutional investors.

MFS Multimarket Income Trust Company Profile

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.