MFS Multimarket Income Trust (NYSE:MMT) Sees Significant Increase in Short Interest

MFS Multimarket Income Trust (NYSE:MMT) was the target of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 39,200 shares, an increase of 71.2% from the May 15th total of 22,900 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 100,200 shares, the days-to-cover ratio is presently 0.4 days.

MFS Multimarket Income Trust Stock Performance

Shares of MFS Multimarket Income Trust stock remained flat at $4.64 during trading on Friday. The stock had a trading volume of 74,296 shares, compared to its average volume of 85,242. MFS Multimarket Income Trust has a 1 year low of $4.31 and a 1 year high of $4.90. The firm’s 50-day moving average is $4.57 and its two-hundred day moving average is $4.63.

MFS Multimarket Income Trust Dividend Announcement

The company also recently announced a — dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be issued a $0.033 dividend. The ex-dividend date is Tuesday, June 17th. This represents a yield of 8.7%.

Hedge Funds Weigh In On MFS Multimarket Income Trust

Large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its holdings in shares of MFS Multimarket Income Trust by 0.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,270,086 shares of the closed-end fund’s stock valued at $15,337,000 after acquiring an additional 18,751 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of MFS Multimarket Income Trust by 2.5% during the first quarter. Raymond James Financial Inc. now owns 857,321 shares of the closed-end fund’s stock valued at $3,987,000 after acquiring an additional 21,042 shares in the last quarter. Invesco Ltd. increased its holdings in shares of MFS Multimarket Income Trust by 8.6% during the first quarter. Invesco Ltd. now owns 751,236 shares of the closed-end fund’s stock valued at $3,493,000 after acquiring an additional 59,190 shares in the last quarter. 1607 Capital Partners LLC increased its holdings in shares of MFS Multimarket Income Trust by 66.4% during the first quarter. 1607 Capital Partners LLC now owns 609,455 shares of the closed-end fund’s stock valued at $2,834,000 after acquiring an additional 243,267 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in shares of MFS Multimarket Income Trust by 5.9% during the first quarter. LPL Financial LLC now owns 465,133 shares of the closed-end fund’s stock valued at $2,163,000 after acquiring an additional 25,828 shares in the last quarter. 18.97% of the stock is currently owned by institutional investors.

MFS Multimarket Income Trust Company Profile

MFS Multimarket Income Trust is a closed ended fixed income mutual fund launched and managed by MFS Investment Management, Inc The fund invests in the fixed income markets across the globe with greater emphasis on United States. It seeks to invest in fixed income securities issued by U.S. Government, foreign government, mortgage backed, and other asset-backed securities of U.S.