MFS Multimarket Income Trust (NYSE:MMT) Short Interest Down 40.2% in May

MFS Multimarket Income Trust (NYSE:MMT) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totaling 98,489 shares, a decrease of 40.2% from the April 30th total of 164,591 shares. Based on an average daily trading volume, of 125,320 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the shares of the stock are short sold.

MFS Multimarket Income Trust Price Performance

Shares of NYSE MMT traded up $0.01 on Thursday, hitting $4.50. The company had a trading volume of 50,900 shares, compared to its average volume of 98,170. The business has a 50 day moving average of $4.54 and a two-hundred day moving average of $4.63. MFS Multimarket Income Trust has a 12-month low of $4.37 and a 12-month high of $4.87.

MFS Multimarket Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be issued a dividend of $0.0328 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a c) annualized dividend and a dividend yield of 8.8%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MMT. Advisors Asset Management Inc. purchased a new position in shares of MFS Multimarket Income Trust during the fourth quarter valued at $1,833,000. Sit Investment Associates Inc. increased its stake in shares of MFS Multimarket Income Trust by 127.2% during the 4th quarter. Sit Investment Associates Inc. now owns 642,159 shares of the closed-end fund’s stock worth $2,986,000 after purchasing an additional 359,502 shares during the last quarter. Rivernorth Capital Management LLC bought a new stake in MFS Multimarket Income Trust in the first quarter worth $1,558,000. Allspring Global Investments Holdings LLC boosted its holdings in MFS Multimarket Income Trust by 3.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,450,887 shares of the closed-end fund’s stock worth $15,943,000 after purchasing an additional 106,882 shares in the last quarter. Finally, Pathstone Holdings LLC increased its position in MFS Multimarket Income Trust by 19.6% during the third quarter. Pathstone Holdings LLC now owns 603,311 shares of the closed-end fund’s stock worth $2,884,000 after buying an additional 98,797 shares during 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.