MFS MUNI INC TR (NYSE:MFM) Short Interest Update

Key Points

• MFS Municipal Income Trust (NYSE:MFM) experienced a significant increase in short interest, rising by 84.0% to a total of 79,100 shares by the end of August.
• The company's latest monthly dividend of $0.024 per share is set to be paid on September 30th, with a dividend yield of 5.4%.
• MFS MUNI INC TR's stock price recently traded at $5.34, with a fifty-two week range between $4.94 and $5.78.

MFS MUNI INC TR (NYSE:MFM - ) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 79,100 shares, a growth of 84.0% from the August 15th total of 43,000 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 161,500 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 161,500 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are sold short.

MFS MUNI INC TR Trading Down 0.6%

Shares of MFS MUNI INC TR stock traded down $0.03 during mid-day trading on Friday, reaching $5.34. 72,401 shares of the stock were exchanged, compared to its average volume of 142,619. The firm has a 50-day simple moving average of $5.14 and a 200 day simple moving average of $5.18. MFS MUNI INC TR has a fifty-two week low of $4.94 and a fifty-two week high of $5.78.

MFS MUNI INC TR Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a dividend of $0.024 per share. The ex-dividend date is Tuesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%.

Institutional Investors Weigh In On MFS MUNI INC TR

Hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC acquired a new stake in shares of MFS MUNI INC TR during the 1st quarter worth about $45,000. NWF Advisory Services Inc. acquired a new stake in MFS MUNI INC TR in the 2nd quarter valued at about $52,000. Waverly Advisors LLC acquired a new stake in MFS MUNI INC TR in the 4th quarter valued at about $54,000. Jane Street Group LLC acquired a new stake in MFS MUNI INC TR in the 4th quarter valued at about $79,000. Finally, Landscape Capital Management L.L.C. increased its position in MFS MUNI INC TR by 21.9% in the 1st quarter. Landscape Capital Management L.L.C. now owns 15,993 shares of the closed-end fund's stock valued at $85,000 after acquiring an additional 2,869 shares in the last quarter.

About MFS MUNI INC TR

MFS Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.

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