Short Interest in MFS Intermediate Income Trust (NYSE:MIN) Expands By 20.9%

MFS Intermediate Income Trust (NYSE:MIN - Get Free Report) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 313,500 shares, a growth of 20.9% from the March 31st total of 259,300 shares. Based on an average daily volume of 208,100 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On MFS Intermediate Income Trust

Large investors have recently modified their holdings of the business. Farther Finance Advisors LLC acquired a new position in shares of MFS Intermediate Income Trust during the 1st quarter worth $40,000. Focus Partners Wealth bought a new position in shares of MFS Intermediate Income Trust in the fourth quarter worth about $104,000. Citadel Advisors LLC lifted its holdings in shares of MFS Intermediate Income Trust by 17.0% in the fourth quarter. Citadel Advisors LLC now owns 29,664 shares of the financial services provider's stock worth $79,000 after acquiring an additional 4,310 shares during the last quarter. Cary Street Partners Financial LLC acquired a new stake in shares of MFS Intermediate Income Trust in the 4th quarter valued at approximately $95,000. Finally, Bank of America Corp DE increased its position in MFS Intermediate Income Trust by 3.6% during the 4th quarter. Bank of America Corp DE now owns 394,161 shares of the financial services provider's stock worth $1,048,000 after purchasing an additional 13,523 shares in the last quarter. Institutional investors and hedge funds own 50.90% of the company's stock.

MFS Intermediate Income Trust Price Performance

Shares of NYSE:MIN traded down $0.01 during midday trading on Friday, hitting $2.69. The stock had a trading volume of 195,717 shares, compared to its average volume of 199,174. The company's 50-day moving average price is $2.68 and its 200-day moving average price is $2.69. MFS Intermediate Income Trust has a fifty-two week low of $2.58 and a fifty-two week high of $2.79.

MFS Intermediate Income Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.0196 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.23 annualized dividend and a yield of 8.75%.

About MFS Intermediate Income Trust

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.

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