Short Interest in Mfs Muni Inc Tr (NYSE:MFM) Expands By 71.7%

Mfs Muni Inc Tr (NYSE:MFM) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 63,584 shares, an increase of 71.7% from the April 30th total of 37,027 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 137,593 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Mfs Muni Inc Tr

Several large investors have recently modified their holdings of the stock. Pathstone Holdings LLC grew its position in shares of Mfs Muni Inc Tr by 46.1% during the 3rd quarter. Pathstone Holdings LLC now owns 3,944,944 shares of the closed-end fund’s stock worth $21,263,000 after buying an additional 1,245,143 shares during the period. Bank of America Corp DE grew its position in shares of Mfs Muni Inc Tr by 1.1% during the 1st quarter. Bank of America Corp DE now owns 1,605,668 shares of the closed-end fund’s stock worth $8,655,000 after buying an additional 18,174 shares during the period. UBS Group AG grew its position in shares of Mfs Muni Inc Tr by 2.2% during the 4th quarter. UBS Group AG now owns 1,165,389 shares of the closed-end fund’s stock worth $6,328,000 after buying an additional 24,937 shares during the period. Advisors Asset Management Inc. grew its position in shares of Mfs Muni Inc Tr by 27.7% during the 4th quarter. Advisors Asset Management Inc. now owns 1,131,102 shares of the closed-end fund’s stock worth $6,142,000 after buying an additional 245,549 shares during the period. Finally, Rivernorth Capital Management LLC grew its position in shares of Mfs Muni Inc Tr by 12.0% during the 1st quarter. Rivernorth Capital Management LLC now owns 908,050 shares of the closed-end fund’s stock worth $4,894,000 after buying an additional 97,052 shares during the period.

Mfs Muni Inc Tr Stock Up 0.1%

Shares of MFM stock opened at $5.40 on Wednesday. Mfs Muni Inc Tr has a 52 week low of $5.03 and a 52 week high of $5.67. The firm has a 50 day moving average of $5.38 and a 200-day moving average of $5.42.

Mfs Muni Inc Tr Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were given a dividend of $0.024 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a c) annualized dividend and a dividend yield of 5.3%.

About Mfs Muni Inc Tr

MFS Municipal Income Trust (NYSE: MFM) is a closed-end management investment company that seeks to provide shareholders with a high level of income exempt from federal income tax. The trust primarily invests in a diversified portfolio of municipal securities, including both general obligation and revenue bonds issued by U.S. states, territories and municipalities. Its shares trade on the New York Stock Exchange, offering investors access to a professionally managed municipal bond portfolio within a single, publicly traded vehicle.

At least 80% of the trust’s total assets are allocated to investment-grade municipal debt, with the flexibility to invest up to 20% in non-investment grade or unrated securities when market conditions warrant.