MFS Multimarket Income Trust (NYSE:MMT - Get Free Report) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 39,200 shares, a growth of 71.2% from the May 15th total of 22,900 shares. Based on an average trading volume of 100,200 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are short sold.
MFS Multimarket Income Trust Stock Performance
MFS Multimarket Income Trust stock traded down $0.01 during midday trading on Wednesday, reaching $4.60. The stock had a trading volume of 81,606 shares, compared to its average volume of 85,225. The company has a fifty day moving average of $4.58 and a 200 day moving average of $4.63. MFS Multimarket Income Trust has a 52-week low of $4.31 and a 52-week high of $4.90.
MFS Multimarket Income Trust Announces Dividend
The company also recently disclosed a -- dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be paid a $0.033 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a yield of 8.7%.
Institutional Trading of MFS Multimarket Income Trust
A number of hedge funds have recently added to or reduced their stakes in MMT. Geneos Wealth Management Inc. lifted its holdings in MFS Multimarket Income Trust by 780.0% during the first quarter. Geneos Wealth Management Inc. now owns 10,155 shares of the closed-end fund's stock worth $47,000 after buying an additional 9,001 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of MFS Multimarket Income Trust in the 4th quarter valued at $49,000. Citadel Advisors LLC purchased a new position in MFS Multimarket Income Trust in the 4th quarter worth $68,000. Broadway Wealth Solutions Inc. acquired a new stake in MFS Multimarket Income Trust during the 4th quarter worth about $70,000. Finally, Founders Financial Alliance LLC purchased a new stake in MFS Multimarket Income Trust during the 1st quarter valued at about $70,000. 18.97% of the stock is owned by hedge funds and other institutional investors.
MFS Multimarket Income Trust Company Profile
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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.
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