MFS Multimarket Income Trust (NYSE:MMT) Short Interest Down 54.6% in May

MFS Multimarket Income Trust (NYSE:MMT - Get Free Report) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 22,900 shares, a decrease of 54.6% from the April 30th total of 50,400 shares. Based on an average daily trading volume, of 101,200 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company's stock are short sold.

MFS Multimarket Income Trust Price Performance

Shares of NYSE:MMT traded up $0.01 during midday trading on Tuesday, reaching $4.64. The company had a trading volume of 105,681 shares, compared to its average volume of 85,395. MFS Multimarket Income Trust has a 1-year low of $4.31 and a 1-year high of $4.90. The business's 50 day moving average price is $4.56 and its 200 day moving average price is $4.63.

MFS Multimarket Income Trust Announces Dividend

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

Institutional Investors Weigh In On MFS Multimarket Income Trust

Several hedge funds have recently bought and sold shares of MMT. Geneos Wealth Management Inc. raised its stake 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 buying an additional 9,001 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in MFS Multimarket Income Trust in the 4th quarter valued at $49,000. Citadel Advisors LLC acquired a new stake in MFS Multimarket Income Trust during the 4th quarter valued at $68,000. Broadway Wealth Solutions Inc. bought a new position in MFS Multimarket Income Trust during the fourth quarter worth $70,000. Finally, Founders Financial Alliance LLC acquired a new position in shares of MFS Multimarket Income Trust in the first quarter valued at $70,000. 18.97% of the stock is currently owned by institutional investors and hedge funds.

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.