Mfs Muni Inc Tr (NYSE:MFM) Stock Short Interest Report for September

Mfs Muni Inc Tr (NYSE:MFM) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 213,440 shares, a growth of 607.0% from the September 15th total of 30,188 shares. Based on an average daily volume of 681,546 shares, the short-interest ratio is currently 0.3 days. Currently, 0.5% of the shares of the company are sold short.

Hedge Funds Weigh In On Mfs Muni Inc Tr

A number of institutional investors and hedge funds have recently modified their holdings of the company. Robinson Capital Management LLC grew its holdings in shares of Mfs Muni Inc Tr by 501.1% in the second quarter. Robinson Capital Management LLC now owns 1,076,957 shares of the closed-end fund’s stock worth $6,052,000 after acquiring an additional 897,784 shares during the period. NewEdge Advisors LLC increased its position in Mfs Muni Inc Tr by 103.0% during the second quarter. NewEdge Advisors LLC now owns 320,314 shares of the closed-end fund’s stock valued at $1,800,000 after acquiring an additional 162,503 shares during the last quarter. Allworth Financial LP lifted its holdings in Mfs Muni Inc Tr by 1,220.8% in the second quarter. Allworth Financial LP now owns 9,602 shares of the closed-end fund’s stock valued at $54,000 after acquiring an additional 8,875 shares during the period. 1607 Capital Partners LLC bought a new position in Mfs Muni Inc Tr in the second quarter valued at about $154,000. Finally, Readystate Asset Management LP bought a new position in Mfs Muni Inc Tr in the second quarter valued at about $178,000.

Mfs Muni Inc Tr Stock Up 0.6%

Mfs Muni Inc Tr stock traded up $0.03 during midday trading on Friday, reaching $4.96. 341,289 shares of the company traded hands, compared to its average volume of 647,390. Mfs Muni Inc Tr has a 12 month low of $4.75 and a 12 month high of $5.67. The business has a 50 day moving average of $5.21 and a two-hundred day moving average of $5.36.

Mfs Muni Inc Tr Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd were paid a dividend of $0.03 per share. The ex-dividend date was Tuesday, September 22nd. This represents a $0.36 dividend on an annualized basis and a yield of 7.3%.

About Mfs Muni Inc Tr

MFS Muni Inc Tr, also known as MFS Municipal Income Trust, is a closed-end investment company listed on the New York Stock Exchange under the symbol MFM. The trust seeks to provide current income that is exempt from federal income tax by investing primarily in municipal bonds and other municipal securities.

The portfolio may include obligations issued by states, municipalities, and other public entities across the United States. These securities generally finance public infrastructure and essential services, such as schools, transportation systems, utilities, hospitals, and other community projects.