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

Key Points

• MFS Multimarket Income Trust (NYSE:MMT) experienced a significant decline in short interest, dropping by 51.8% from 106,200 to 51,200 shares as of September 30th.
• The company announced an increase in its monthly dividend to $0.034 per share, resulting in an annualized yield of 8.6%, with payment scheduled for October 31st.
• Major institutional investors, including 1607 Capital Partners and Invesco Ltd., have significantly increased their holdings in MFS Multimarket Income Trust, indicating growing interest in the fund.

MFS Multimarket Income Trust (NYSE:MMT - ) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 51,200 shares, a decline of 51.8% from the September 15th total of 106,200 shares. Based on an average daily trading volume, of 81,700 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 81,700 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On MFS Multimarket Income Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. 1607 Capital Partners LLC grew its holdings in MFS Multimarket Income Trust by 66.4% in the first quarter. 1607 Capital Partners LLC now owns 609,455 shares of the closed-end fund's stock valued at $2,834,000 after purchasing an additional 243,267 shares during the period. Invesco Ltd. grew its holdings in MFS Multimarket Income Trust by 8.6% in the first quarter. Invesco Ltd. now owns 751,236 shares of the closed-end fund's stock valued at $3,493,000 after purchasing an additional 59,190 shares during the period. Raymond James Financial Inc. grew its holdings in MFS Multimarket Income Trust by 6.6% in the second quarter. Raymond James Financial Inc. now owns 913,667 shares of the closed-end fund's stock valued at $4,294,000 after purchasing an additional 56,346 shares during the period. Readystate Asset Management LP grew its holdings in MFS Multimarket Income Trust by 165.7% in the first quarter. Readystate Asset Management LP now owns 77,598 shares of the closed-end fund's stock valued at $361,000 after purchasing an additional 48,392 shares during the period. Finally, HighTower Advisors LLC purchased a new stake in MFS Multimarket Income Trust in the first quarter valued at approximately $195,000. 18.97% of the stock is currently owned by hedge funds and other institutional investors.

MFS Multimarket Income Trust Trading Down 0.6%

Shares of NYSE MMT opened at $4.72 on Monday. MFS Multimarket Income Trust has a 12 month low of $4.31 and a 12 month high of $4.87. The company has a 50-day simple moving average of $4.76 and a 200-day simple moving average of $4.66.

MFS Multimarket Income Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 14th will be issued a dividend of $0.034 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%. This is a boost from MFS Multimarket Income Trust's previous monthly dividend of $0.03. The ex-dividend date is Tuesday, October 14th.

About MFS Multimarket Income Trust

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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