MFS Municipal Income Trust (NYSE:MFM) Short Interest Down 43.0% in May

MFS Municipal Income Trust (NYSE:MFM - Get Free Report) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 16,200 shares, a decline of 43.0% from the April 30th total of 28,400 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 141,900 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE increased its position in MFS Municipal Income Trust by 15.6% in the fourth quarter. Bank of America Corp DE now owns 1,895,354 shares of the closed-end fund's stock worth $10,140,000 after buying an additional 255,120 shares during the last quarter. Pathstone Holdings LLC increased its holdings in MFS Municipal Income Trust by 12.4% in the 4th quarter. Pathstone Holdings LLC now owns 1,827,038 shares of the closed-end fund's stock worth $9,790,000 after acquiring an additional 201,691 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in MFS Municipal Income Trust by 21.2% in the 4th quarter. Advisors Asset Management Inc. now owns 875,266 shares of the closed-end fund's stock worth $4,683,000 after acquiring an additional 153,263 shares during the last quarter. Anderson Financial Strategies LLC bought a new stake in MFS Municipal Income Trust in the 4th quarter valued at about $4,288,000. Finally, Guggenheim Capital LLC grew its position in shares of MFS Municipal Income Trust by 23.4% in the fourth quarter. Guggenheim Capital LLC now owns 654,988 shares of the closed-end fund's stock valued at $3,504,000 after purchasing an additional 124,086 shares in the last quarter.

MFS Municipal Income Trust Price Performance

Shares of NYSE MFM remained flat at $5.09 during mid-day trading on Wednesday. The stock had a trading volume of 118,299 shares, compared to its average volume of 112,019. The stock has a 50 day moving average price of $5.14 and a 200-day moving average price of $5.35. MFS Municipal Income Trust has a 12 month low of $4.94 and a 12 month high of $5.78.

MFS Municipal Income Trust Cuts Dividend

The business also recently announced a -- dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be paid a $0.024 dividend. This represents a yield of 5.1%. The ex-dividend date of this dividend is Tuesday, June 17th.

About MFS Municipal Income Trust

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.