Short Interest in MFS Multimarket Income Trust (NYSE:MMT) Increases By 63.5%

MFS Multimarket Income Trust (NYSE:MMT) was the target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 97,729 shares, an increase of 63.5% from the January 29th total of 59,766 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 73,507 shares, the short-interest ratio is currently 1.3 days. Based on an average daily trading volume, of 73,507 shares, the short-interest ratio is currently 1.3 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On MFS Multimarket Income Trust

Several institutional investors have recently bought and sold shares of MMT. Advisors Asset Management Inc. acquired a new position in MFS Multimarket Income Trust during the 4th quarter valued at about $1,833,000. Sit Investment Associates Inc. lifted its stake in shares of MFS Multimarket Income Trust by 127.2% in the 4th quarter. Sit Investment Associates Inc. now owns 642,159 shares of the closed-end fund’s stock worth $2,986,000 after acquiring an additional 359,502 shares during the period. Pathstone Holdings LLC boosted its holdings in shares of MFS Multimarket Income Trust by 19.6% in the third quarter. Pathstone Holdings LLC now owns 603,311 shares of the closed-end fund’s stock valued at $2,884,000 after acquiring an additional 98,797 shares in the last quarter. Regal Investment Advisors LLC acquired a new position in shares of MFS Multimarket Income Trust during the fourth quarter valued at approximately $313,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of MFS Multimarket Income Trust by 2.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,336,783 shares of the closed-end fund’s stock valued at $15,950,000 after acquiring an additional 66,697 shares during the period. Institutional investors and hedge funds own 18.97% of the company’s stock.

MFS Multimarket Income Trust Stock Up 0.2%

MMT traded up $0.01 during trading hours on Friday, hitting $4.71. The company’s stock had a trading volume of 105,274 shares, compared to its average volume of 68,549. The company has a 50-day simple moving average of $4.70 and a 200 day simple moving average of $4.72. MFS Multimarket Income Trust has a fifty-two week low of $4.31 and a fifty-two week high of $4.87.

MFS Multimarket Income Trust Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.0338 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%. This is a positive change from MFS Multimarket Income Trust’s previous monthly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, February 17th.

MFS Multimarket Income Trust Company Profile

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.