MFS Charter Income Trust (NYSE:MCR) Short Interest Update

MFS Charter Income Trust (NYSE:MCR) was the recipient of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 6,596 shares, a decrease of 50.3% from the February 12th total of 13,270 shares. Based on an average trading volume of 95,160 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 95,160 shares, the days-to-cover ratio is presently 0.1 days.

MFS Charter Income Trust Price Performance

Shares of MCR traded down $0.07 during midday trading on Thursday, hitting $6.10. The company had a trading volume of 66,539 shares, compared to its average volume of 84,320. The company’s 50 day moving average price is $6.25 and its 200 day moving average price is $6.32. MFS Charter Income Trust has a 52 week low of $5.57 and a 52 week high of $6.58.

MFS Charter Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a $0.045 dividend. This represents a c) dividend on an annualized basis and a yield of 8.8%. The ex-dividend date is Tuesday, March 17th.

Institutional Trading of MFS Charter Income Trust

Several institutional investors and hedge funds have recently bought and sold shares of MCR. Sit Investment Associates Inc. boosted its holdings in shares of MFS Charter Income Trust by 16.2% in the 4th quarter. Sit Investment Associates Inc. now owns 3,993,082 shares of the financial services provider’s stock valued at $25,037,000 after buying an additional 557,205 shares during the period. Riverbridge Partners LLC raised its stake in MFS Charter Income Trust by 89.9% during the fourth quarter. Riverbridge Partners LLC now owns 193,336 shares of the financial services provider’s stock worth $1,212,000 after acquiring an additional 91,541 shares during the period. Wells Fargo & Company MN raised its stake in MFS Charter Income Trust by 49.4% during the fourth quarter. Wells Fargo & Company MN now owns 210,837 shares of the financial services provider’s stock worth $1,322,000 after acquiring an additional 69,758 shares during the period. Pathstone Holdings LLC lifted its holdings in MFS Charter Income Trust by 15.0% in the third quarter. Pathstone Holdings LLC now owns 441,296 shares of the financial services provider’s stock worth $2,833,000 after acquiring an additional 57,658 shares during the last quarter. Finally, GraniteShares Advisors LLC boosted its stake in MFS Charter Income Trust by 9.7% in the third quarter. GraniteShares Advisors LLC now owns 480,950 shares of the financial services provider’s stock valued at $3,088,000 after acquiring an additional 42,364 shares during the period.

MFS Charter Income Trust Company Profile

MFS Charter Income Trust (NYSE: MCR) is a diversified, closed-end management investment company organized in 1987. As part of the MFS Investment Management family, the Trust seeks to provide its shareholders with high current income and preservation of capital. The fund’s shares trade on the New York Stock Exchange, offering investors access to a managed portfolio of income-oriented securities within a single, publicly listed vehicle.

The fund primarily invests in a broad mix of preferred stocks, convertible securities and high-yield corporate bonds.