MFS Multimarket Income Trust (NYSE:MMT - Get Free Report) was the recipient of a significant increase in short interest in May. As of May 31st, there was short interest totalling 39,200 shares, an increase of 71.2% from the May 15th total of 22,900 shares. Currently, 0.1% of the company's stock are short sold. Based on an average trading volume of 100,200 shares, the days-to-cover ratio is currently 0.4 days.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in shares of MFS Multimarket Income Trust in the 4th quarter valued at about $3,922,000. 1607 Capital Partners LLC raised its holdings in shares of MFS Multimarket Income Trust by 66.4% in the 1st quarter. 1607 Capital Partners LLC now owns 609,455 shares of the closed-end fund's stock valued at $2,834,000 after acquiring an additional 243,267 shares in the last quarter. Invesco Ltd. raised its holdings in shares of MFS Multimarket Income Trust by 8.6% in the 1st quarter. Invesco Ltd. now owns 751,236 shares of the closed-end fund's stock valued at $3,493,000 after acquiring an additional 59,190 shares in the last quarter. Northstar Financial Companies Inc. purchased a new stake in shares of MFS Multimarket Income Trust in the 4th quarter valued at about $265,000. Finally, Readystate Asset Management LP raised its holdings in shares of MFS Multimarket Income Trust by 165.7% in the 1st quarter. Readystate Asset Management LP now owns 77,598 shares of the closed-end fund's stock valued at $361,000 after acquiring an additional 48,392 shares in the last quarter. Institutional investors own 18.97% of the company's stock.
MFS Multimarket Income Trust Stock Performance
MFS Multimarket Income Trust stock remained flat at $4.64 during trading on Friday. The company had a trading volume of 74,296 shares, compared to its average volume of 85,242. The firm has a 50 day simple moving average of $4.57 and a 200 day simple moving average of $4.63. MFS Multimarket Income Trust has a 1-year low of $4.31 and a 1-year high of $4.90.
MFS Multimarket Income Trust Dividend Announcement
The company also recently declared a -- dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be paid a dividend of $0.033 per share. The ex-dividend date is Tuesday, June 17th. This represents a dividend yield of 8.7%.
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.
Further Reading
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