MFS Charter Income Trust (NYSE:MCR) Sees Large Growth in Short Interest

MFS Charter Income Trust (NYSE:MCR) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 96,296 shares, an increase of 509.4% from the May 31st total of 15,802 shares. Based on an average daily trading volume, of 110,697 shares, the short-interest ratio is presently 0.9 days.

MFS Charter Income Trust Price Performance

NYSE MCR traded down $0.00 during midday trading on Friday, hitting $5.94. The company had a trading volume of 75,078 shares, compared to its average volume of 88,208. The firm has a 50-day moving average price of $5.98 and a 200-day moving average price of $6.13. MFS Charter Income Trust has a twelve month low of $5.84 and a twelve month high of $6.58.

MFS Charter Income Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were given a dividend of $0.0437 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a c) annualized dividend and a yield of 8.8%.

Institutional Investors Weigh In On MFS Charter Income Trust

A number of large investors have recently bought and sold shares of the company. Sit Investment Associates Inc. raised its position in MFS Charter Income Trust by 16.2% during the fourth quarter. Sit Investment Associates Inc. now owns 3,993,082 shares of the financial services provider’s stock valued at $25,037,000 after purchasing an additional 557,205 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in MFS Charter Income Trust by 6.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,362,242 shares of the financial services provider’s stock worth $8,255,000 after purchasing an additional 87,191 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of MFS Charter Income Trust by 1.4% in the 3rd quarter. Invesco Ltd. now owns 524,967 shares of the financial services provider’s stock valued at $3,370,000 after purchasing an additional 7,093 shares in the last quarter. Pathstone Holdings LLC boosted its holdings in shares of MFS Charter Income Trust by 15.0% in the 3rd quarter. Pathstone Holdings LLC now owns 441,296 shares of the financial services provider’s stock valued at $2,833,000 after purchasing an additional 57,658 shares in the last quarter. Finally, Shaker Financial Services LLC increased its stake in shares of MFS Charter Income Trust by 6.5% in the 4th quarter. Shaker Financial Services LLC now owns 400,838 shares of the financial services provider’s stock valued at $2,513,000 after purchasing an additional 24,526 shares during the last quarter.

MFS Charter Income Trust Company Profile

MFS Charter Income Trust (NYSE: MCR) is a diversified, closed-end management investment company organized in 1987. As part of the MFS Investment Management family, the Trust seeks to provide its shareholders with high current income and preservation of capital. The fund’s shares trade on the New York Stock Exchange, offering investors access to a managed portfolio of income-oriented securities within a single, publicly listed vehicle.

The fund primarily invests in a broad mix of preferred stocks, convertible securities and high-yield corporate bonds.