MFS Multimarket Income Trust (NYSE:MMT) Short Interest Update

MFS Multimarket Income Trust (NYSE:MMT) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 13,588 shares, a decrease of 84.6% from the December 15th total of 87,983 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 113,007 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 113,007 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

MFS Multimarket Income Trust Price Performance

NYSE:MMT traded up $0.01 during trading hours on Tuesday, hitting $4.73. 74,597 shares of the company’s stock traded hands, compared to its average volume of 93,175. MFS Multimarket Income Trust has a 52 week low of $4.31 and a 52 week high of $4.87. The business’s fifty day simple moving average is $4.68 and its two-hundred day simple moving average is $4.71.

MFS Multimarket Income Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Tuesday, January 20th will be given a dividend of $0.0337 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date is Tuesday, January 20th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MMT. Impact Capital Partners LLC purchased a new position in shares of MFS Multimarket Income Trust in the third quarter worth about $48,000. North Capital Inc. purchased a new position in MFS Multimarket Income Trust in the 3rd quarter worth approximately $48,000. Geneos Wealth Management Inc. lifted its position in MFS Multimarket Income Trust by 780.0% in the first quarter. Geneos Wealth Management Inc. now owns 10,155 shares of the closed-end fund’s stock valued at $47,000 after purchasing an additional 9,001 shares during the last quarter. Park Avenue Securities LLC purchased a new stake in shares of MFS Multimarket Income Trust during the third quarter valued at approximately $49,000. Finally, Jane Street Group LLC purchased a new stake in shares of MFS Multimarket Income Trust during the second quarter valued at approximately $84,000. 18.97% of the stock is currently owned by institutional investors.

MFS Multimarket Income Trust Company Profile

MFS Multimarket Income Trust (NYSE: MMT) is a closed-end management investment company that seeks to provide high current income through investments in a diversified global portfolio of income-producing securities. Launched in 1987, the trust is managed by MFS Investment Management, a Boston-based asset manager with roots dating back to 1924. MFS Investment Management acts as the investment adviser and leverages its multi-asset research capabilities to build and monitor MMT’s portfolio on behalf of shareholders.

The trust’s principal investment activities encompass a broad range of fixed-income and equity-related instruments.