Short Interest in MFS Municipal Income Trust (NYSE:MFM) Declines By 13.6%

MFS Municipal Income Trust (NYSE:MFM) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 39,400 shares, a decline of 13.6% from the February 28th total of 45,600 shares. Based on an average daily volume of 108,200 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On MFS Municipal Income Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Waverly Advisors LLC purchased a new stake in shares of MFS Municipal Income Trust in the fourth quarter valued at about $54,000. Amarillo National Bank purchased a new stake in MFS Municipal Income Trust in the 4th quarter valued at about $62,000. Avantax Advisory Services Inc. purchased a new stake in MFS Municipal Income Trust in the 4th quarter valued at about $69,000. Landscape Capital Management L.L.C. bought a new position in shares of MFS Municipal Income Trust during the 4th quarter worth approximately $70,000. Finally, Jane Street Group LLC purchased a new position in shares of MFS Municipal Income Trust in the 4th quarter worth approximately $79,000.

MFS Municipal Income Trust Stock Performance

MFM traded up $0.02 during midday trading on Thursday, reaching $5.38. 103,931 shares of the company were exchanged, compared to its average volume of 94,948. MFS Municipal Income Trust has a one year low of $5.05 and a one year high of $5.78. The company’s fifty day moving average price is $5.44 and its 200 day moving average price is $5.51.

MFS Municipal Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a dividend of $0.0215 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.26 annualized dividend and a yield of 4.80%.

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.