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

MFS Multimarket Income Trust (NYSE:MMT) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 233,487 shares, a growth of 75.9% from the May 31st total of 132,711 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 136,516 shares, the short-interest ratio is presently 1.7 days.

MFS Multimarket Income Trust Trading Up 0.1%

NYSE:MMT opened at $4.41 on Friday. MFS Multimarket Income Trust has a twelve month low of $4.37 and a twelve month high of $4.87. The company has a fifty day moving average of $4.49 and a 200-day moving average of $4.59.

MFS Multimarket Income Trust Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were issued a $0.0328 dividend. This represents a c) dividend on an annualized basis and a yield of 8.9%. The ex-dividend date was Monday, June 8th.

Hedge Funds Weigh In On MFS Multimarket Income Trust

Institutional investors have recently made changes to their positions in the stock. Rivernorth Capital Management LLC bought a new position in shares of MFS Multimarket Income Trust during the 1st quarter worth about $1,558,000. Cetera Investment Advisers increased its position in MFS Multimarket Income Trust by 75.7% in the 1st quarter. Cetera Investment Advisers now owns 178,117 shares of the closed-end fund’s stock valued at $823,000 after buying an additional 76,756 shares in the last quarter. Gerald Baker Financial Group LLC bought a new stake in MFS Multimarket Income Trust in the 1st quarter valued at about $57,000. Allspring Global Investments Holdings LLC increased its position in MFS Multimarket Income Trust by 3.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,450,887 shares of the closed-end fund’s stock valued at $15,943,000 after buying an additional 106,882 shares in the last quarter. Finally, Decision Investments Inc. raised its stake in MFS Multimarket Income Trust by 9.8% during the 1st quarter. Decision Investments Inc. now owns 32,500 shares of the closed-end fund’s stock worth $150,000 after buying an additional 2,900 shares during the period. Institutional investors and hedge funds own 18.97% of the company’s stock.

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.