MFS Multimarket Income Trust (NYSE:MMT - Get Free Report) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 112,503 shares, a growth of 302.6% from the July 30th total of 27,945 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 265,615 shares, the days-to-cover ratio is currently 0.4 days.
MFS Multimarket Income Trust Price Performance
Shares of MMT opened at $4.44 on Thursday. MFS Multimarket Income Trust has a 1 year low of $4.31 and a 1 year high of $4.87. The stock has a 50 day simple moving average of $4.42 and a 200-day simple moving average of $4.52.
MFS Multimarket Income Trust Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a $0.04 dividend. This represents a c) annualized dividend and a dividend yield of 10.8%. The ex-dividend date is Monday, August 24th.
Institutional Investors Weigh In On MFS Multimarket Income Trust
A number of hedge funds have recently made changes to their positions in MMT. Geneos Wealth Management Inc. grew its stake in MFS Multimarket Income Trust by 780.0% during the first quarter. Geneos Wealth Management Inc. now owns 10,155 shares of the closed-end fund's stock worth $47,000 after buying an additional 9,001 shares during the last quarter. Gerald Baker Financial Group LLC acquired a new position in shares of MFS Multimarket Income Trust in the 1st quarter worth approximately $57,000. First Heartland Consultants Inc. acquired a new position in shares of MFS Multimarket Income Trust in the 2nd quarter worth approximately $66,000. Beacon Pointe Advisors LLC bought a new stake in MFS Multimarket Income Trust during the 4th quarter worth approximately $73,000. Finally, Jane Street Group LLC acquired a new stake in MFS Multimarket Income Trust during the 2nd quarter valued at $84,000. Institutional investors and hedge funds own 18.97% of the company's stock.
MFS Multimarket Income Trust Company Profile
(
Get Free Report)
MFS Multimarket Income Trust NYSE: MMT is a closed-end management investment company that seeks to provide high current income through investments in a diversified global portfolio of income-producing securities. Launched in 1987, the trust is managed by MFS Investment Management, a Boston-based asset manager with roots dating back to 1924. MFS Investment Management acts as the investment adviser and leverages its multi-asset research capabilities to build and monitor MMT’s portfolio on behalf of shareholders.
The trust’s principal investment activities encompass a broad range of fixed-income and equity-related instruments.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider MFS Multimarket 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 Multimarket Income Trust wasn't on the list.
While MFS Multimarket Income Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries. "Physical AI" is coming. Learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
