Short Interest in MFS Intermediate Income Trust (NYSE:MIN) Rises By 194.3%

MFS Intermediate Income Trust (NYSE:MIN) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 352,900 shares, a growth of 194.3% from the November 30th total of 119,900 shares. Based on an average daily volume of 217,400 shares, the days-to-cover ratio is currently 1.6 days.

MFS Intermediate Income Trust Stock Performance

Shares of MIN stock traded down $0.05 during mid-day trading on Friday, hitting $2.62. 237,691 shares of the stock traded hands, compared to its average volume of 238,792. MFS Intermediate Income Trust has a 52-week low of $2.56 and a 52-week high of $2.85. The stock’s fifty day moving average is $2.70 and its two-hundred day moving average is $2.71.

MFS Intermediate Income Trust Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a $0.0198 dividend. The ex-dividend date of this dividend is Tuesday, December 17th.

Institutional Investors Weigh In On MFS Intermediate Income Trust

A number of large investors have recently modified their holdings of MIN. Kovitz Investment Group Partners LLC purchased a new position in shares of MFS Intermediate Income Trust in the 3rd quarter valued at approximately $604,000. Private Advisor Group LLC grew its stake in MFS Intermediate Income Trust by 47.1% during the 3rd quarter. Private Advisor Group LLC now owns 210,700 shares of the financial services provider’s stock valued at $573,000 after purchasing an additional 67,500 shares during the last quarter. Ameritas Advisory Services LLC increased its holdings in shares of MFS Intermediate Income Trust by 37.6% in the second quarter. Ameritas Advisory Services LLC now owns 232,640 shares of the financial services provider’s stock valued at $619,000 after purchasing an additional 63,582 shares during the period. Wolverine Asset Management LLC purchased a new position in shares of MFS Intermediate Income Trust in the third quarter worth about $129,000. Finally, Shaker Financial Services LLC lifted its holdings in shares of MFS Intermediate Income Trust by 30.6% during the second quarter. Shaker Financial Services LLC now owns 152,493 shares of the financial services provider’s stock worth $406,000 after purchasing an additional 35,757 shares during the period. Hedge funds and other institutional investors own 50.90% of the company’s stock.

MFS Intermediate Income Trust Company Profile

MFS Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets across the globe. It primarily invests in debt instruments. The fund seeks to benchmarks the performance of its portfolio against the Barclays Intermediate U.S.