MFS Municipal Income Trust (NYSE:MFM) Short Interest Update

MFS Municipal Income Trust (NYSE:MFM) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 20,000 shares, a decrease of 62.3% from the November 30th total of 53,100 shares. Based on an average trading volume of 107,400 shares, the days-to-cover ratio is presently 0.2 days.

MFS Municipal Income Trust Price Performance

MFS Municipal Income Trust stock traded down $0.07 during mid-day trading on Friday, hitting $5.34. The stock had a trading volume of 41,460 shares, compared to its average volume of 94,652. The stock has a 50-day simple moving average of $5.55 and a two-hundred day simple moving average of $5.53. MFS Municipal Income Trust has a 12 month low of $5.05 and a 12 month high of $5.78.

MFS Municipal Income Trust Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.0215 dividend. The ex-dividend date of this dividend is Tuesday, December 17th.

Institutional Investors Weigh In On MFS Municipal Income Trust

Several institutional investors have recently modified their holdings of MFM. Aviance Capital Partners LLC lifted its holdings in MFS Municipal Income Trust by 6.1% in the third quarter. Aviance Capital Partners LLC now owns 34,069 shares of the closed-end fund’s stock valued at $195,000 after buying an additional 1,945 shares during the period. MML Investors Services LLC raised its position in shares of MFS Municipal Income Trust by 5.9% during the 3rd quarter. MML Investors Services LLC now owns 39,303 shares of the closed-end fund’s stock valued at $225,000 after acquiring an additional 2,206 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in shares of MFS Municipal Income Trust by 19.4% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 15,401 shares of the closed-end fund’s stock valued at $84,000 after purchasing an additional 2,501 shares during the period. Avior Wealth Management LLC lifted its stake in shares of MFS Municipal Income Trust by 16.5% in the 3rd quarter. Avior Wealth Management LLC now owns 23,189 shares of the closed-end fund’s stock valued at $133,000 after purchasing an additional 3,282 shares during the period. Finally, Choreo LLC boosted its position in shares of MFS Municipal Income Trust by 5.0% in the 2nd quarter. Choreo LLC now owns 85,486 shares of the closed-end fund’s stock worth $456,000 after purchasing an additional 4,078 shares during the last quarter.

MFS Municipal Income Trust Company Profile

MFS Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.