MFS Multimarket Income Trust (NYSE:MMT) Short Interest Update

MFS Multimarket Income Trust (NYSE:MMT - Get Free Report) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 60,800 shares, an increase of 99.3% from the March 31st total of 30,500 shares. Approximately 0.1% of the company's shares are sold short. Based on an average trading volume of 101,400 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On MFS Multimarket Income Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atomi Financial Group Inc. raised its position in shares of MFS Multimarket Income Trust by 6.8% during the 4th quarter. Atomi Financial Group Inc. now owns 59,447 shares of the closed-end fund's stock valued at $279,000 after purchasing an additional 3,759 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of MFS Multimarket Income Trust by 1.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 371,451 shares of the closed-end fund's stock worth $1,727,000 after buying an additional 4,159 shares during the last quarter. Commonwealth Equity Services LLC raised its position in MFS Multimarket Income Trust by 4.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 183,356 shares of the closed-end fund's stock valued at $860,000 after purchasing an additional 7,055 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in MFS Multimarket Income Trust in the fourth quarter worth $49,000. Finally, Cetera Investment Advisers boosted its stake in MFS Multimarket Income Trust by 8.3% during the fourth quarter. Cetera Investment Advisers now owns 176,474 shares of the closed-end fund's stock worth $828,000 after buying an additional 13,507 shares during the period. Hedge funds and other institutional investors own 18.97% of the company's stock.

MFS Multimarket Income Trust Trading Up 0.2 %

Shares of NYSE MMT traded up $0.01 during mid-day trading on Friday, hitting $4.62. 43,481 shares of the stock traded hands, compared to its average volume of 84,288. MFS Multimarket Income Trust has a 52 week low of $4.31 and a 52 week high of $4.90. The stock has a fifty day moving average price of $4.57 and a 200-day moving average price of $4.65.

MFS Multimarket Income Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Tuesday, May 13th will be issued a $0.0327 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.39 annualized dividend and a yield of 8.50%.

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.