MFS Multimarket Income Trust (NYSE:MMT) Sees Significant Increase in Short Interest

MFS Multimarket Income Trust (NYSE:MMT) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 147,781 shares, an increase of 43.8% from the February 26th total of 102,776 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 112,410 shares, the short-interest ratio is presently 1.3 days.

MFS Multimarket Income Trust Price Performance

Shares of MMT stock remained flat at $4.54 during mid-day trading on Monday. 128,359 shares of the stock traded hands, compared to its average volume of 95,146. MFS Multimarket Income Trust has a twelve month low of $4.31 and a twelve month high of $4.87. The stock’s 50-day moving average price is $4.66 and its two-hundred day moving average price is $4.70.

MFS Multimarket Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a dividend of $0.0338 per share. The ex-dividend date is Tuesday, March 17th. This represents a c) dividend on an annualized basis and a yield of 8.9%.

Institutional Trading of MFS Multimarket Income Trust

Several institutional investors have recently bought and sold shares of MMT. Focus Partners Wealth raised its stake in shares of MFS Multimarket Income Trust by 14.1% during the 1st quarter. Focus Partners Wealth now owns 28,645 shares of the closed-end fund’s stock worth $133,000 after buying an additional 3,550 shares during the period. Founders Financial Alliance LLC grew its stake in MFS Multimarket Income Trust by 14.4% in the 4th quarter. Founders Financial Alliance LLC now owns 30,924 shares of the closed-end fund’s stock valued at $144,000 after acquiring an additional 3,883 shares during the period. Janney Montgomery Scott LLC grew its stake in MFS Multimarket Income Trust by 1.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 378,191 shares of the closed-end fund’s stock valued at $1,759,000 after acquiring an additional 4,289 shares during the period. Ameriprise Financial Inc. increased its holdings in MFS Multimarket Income Trust by 23.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 27,513 shares of the closed-end fund’s stock worth $129,000 after acquiring an additional 5,161 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in MFS Multimarket Income Trust by 1.1% in the 3rd quarter. Invesco Ltd. now owns 771,385 shares of the closed-end fund’s stock worth $3,687,000 after acquiring an additional 8,367 shares in the last quarter. 18.97% of the stock is owned by institutional investors and hedge funds.

About MFS Multimarket Income Trust

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.