MFS Municipal Income Trust (NYSE:MFM) Short Interest Up 176.4% in February

MFS Municipal Income Trust (NYSE:MFM) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 45,600 shares, a growth of 176.4% from the February 13th total of 16,500 shares. Based on an average trading volume of 106,500 shares, the short-interest ratio is currently 0.4 days.

MFS Municipal Income Trust Stock Performance

NYSE MFM traded down $0.04 during trading hours on Friday, hitting $5.42. 106,343 shares of the company’s stock were exchanged, compared to its average volume of 93,960. The business’s 50 day moving average is $5.44 and its 200-day moving average is $5.54. MFS Municipal Income Trust has a 12-month low of $5.05 and a 12-month high of $5.78.

MFS Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be given a dividend of $0.0215 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.26 dividend on an annualized basis and a yield of 4.76%.

Institutional Trading of MFS Municipal Income Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Waverly Advisors LLC bought a new stake in shares of MFS Municipal Income Trust during the 4th quarter worth about $54,000. Pathstone Holdings LLC grew its position in MFS Municipal Income Trust by 12.4% during the 4th quarter. Pathstone Holdings LLC now owns 1,827,038 shares of the closed-end fund’s stock worth $9,790,000 after acquiring an additional 201,691 shares during the last quarter. Nomura Holdings Inc. boosted its position in MFS Municipal Income Trust by 57.8% in the 4th quarter. Nomura Holdings Inc. now owns 25,000 shares of the closed-end fund’s stock valued at $134,000 after buying an additional 9,156 shares during the last quarter. Logan Stone Capital LLC boosted its position in shares of MFS Municipal Income Trust by 1.3% in the 4th quarter. Logan Stone Capital LLC now owns 402,423 shares of the closed-end fund’s stock worth $2,153,000 after purchasing an additional 5,244 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in MFS Municipal Income Trust by 12.8% during the 4th quarter. Cetera Investment Advisers now owns 22,341 shares of the closed-end fund’s stock worth $120,000 after buying an additional 2,536 shares during the period.

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.