Short Interest in MFS Municipal Income Trust (NYSE:MFM) Decreases By 22.9%

MFS Municipal Income Trust (NYSE:MFM) saw a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 16,500 shares, a decrease of 22.9% from the January 31st total of 21,400 shares. Based on an average trading volume of 108,600 shares, the short-interest ratio is presently 0.2 days.

MFS Municipal Income Trust Trading Up 0.4 %

Shares of MFS Municipal Income Trust stock opened at $5.57 on Tuesday. MFS Municipal Income Trust has a fifty-two week low of $5.05 and a fifty-two week high of $5.78. The stock has a 50 day moving average of $5.42 and a 200 day moving average of $5.55.

MFS Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a $0.0215 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.26 annualized dividend and a yield of 4.63%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MFM. Janney Montgomery Scott LLC lifted its stake in MFS Municipal Income Trust by 6.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 573,615 shares of the closed-end fund’s stock worth $3,069,000 after purchasing an additional 36,785 shares in the last quarter. Van ECK Associates Corp lifted its stake in MFS Municipal Income Trust by 4.5% during the fourth quarter. Van ECK Associates Corp now owns 346,432 shares of the closed-end fund’s stock worth $1,853,000 after purchasing an additional 15,058 shares in the last quarter. Choreo LLC lifted its stake in MFS Municipal Income Trust by 9.0% during the fourth quarter. Choreo LLC now owns 98,145 shares of the closed-end fund’s stock worth $524,000 after purchasing an additional 8,079 shares in the last quarter. Park Avenue Securities LLC lifted its stake in MFS Municipal Income Trust by 7.2% during the fourth quarter. Park Avenue Securities LLC now owns 134,564 shares of the closed-end fund’s stock worth $720,000 after purchasing an additional 8,993 shares in the last quarter. Finally, MML Investors Services LLC lifted its stake in MFS Municipal Income Trust by 5.9% during the third quarter. MML Investors Services LLC now owns 39,303 shares of the closed-end fund’s stock worth $225,000 after purchasing an additional 2,206 shares in the last quarter.

About MFS Municipal Income Trust

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.