MFS Intermediate Income Trust (NYSE:MIN) Short Interest Down 64.7% in April

MFS Intermediate Income Trust (NYSE:MIN - Get Free Report) saw a significant drop in short interest in April. As of April 30th, there was short interest totalling 32,300 shares, a drop of 64.7% from the April 15th total of 91,500 shares. Based on an average daily trading volume, of 350,400 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. EP Wealth Advisors LLC acquired a new stake in MFS Intermediate Income Trust in the 3rd quarter valued at about $31,000. Register Financial Advisors LLC acquired a new stake in shares of MFS Intermediate Income Trust in the fourth quarter valued at approximately $36,000. Northeast Investment Management purchased a new position in shares of MFS Intermediate Income Trust during the 3rd quarter worth approximately $44,000. Nomura Holdings Inc. acquired a new position in shares of MFS Intermediate Income Trust during the 4th quarter worth approximately $76,000. Finally, L.M. Kohn & Company lifted its stake in MFS Intermediate Income Trust by 16.5% in the 3rd quarter. L.M. Kohn & Company now owns 31,125 shares of the financial services provider's stock valued at $83,000 after buying an additional 4,401 shares in the last quarter. Hedge funds and other institutional investors own 50.90% of the company's stock.

MFS Intermediate Income Trust Price Performance

Shares of NYSE:MIN traded down $0.01 during trading on Friday, hitting $2.62. 256,358 shares of the stock were exchanged, compared to its average volume of 276,816. The company has a fifty day moving average price of $2.63 and a two-hundred day moving average price of $2.69. MFS Intermediate Income Trust has a 12-month low of $2.52 and a 12-month high of $2.88.

MFS Intermediate Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.02 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.24 dividend on an annualized basis and a yield of 9.18%.

MFS Intermediate Income Trust Company Profile

MFS Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets across the globe. It primarily invests in debt instruments. The fund seeks to benchmarks the performance of its portfolio against the Barclays Intermediate U.S.