Free Trial

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

MFS Municipal Income Trust logo with Finance background

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

(Get Free Report)

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.

Read More

Should You Invest $1,000 in MFS Municipal Income Trust Right Now?

Before you consider MFS Municipal Income Trust, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MFS Municipal Income Trust wasn't on the list.

While MFS Municipal Income Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

20 Stocks to Sell Now Cover

Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.

Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Top 3 Defense Stocks to Profit From $175 Billion Golden Dome
Top 5 Stocks for June: AI Picks That Aren’t NVIDIA
This Unique Robotaxi Play Could Deliver 10X Returns

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines