MFS Multimarket Income Trust (NYSE:MMT) Short Interest Down 81.2% in June

MFS Multimarket Income Trust (NYSE:MMT) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 43,791 shares, a drop of 81.2% from the June 15th total of 233,487 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 330,497 shares, the days-to-cover ratio is currently 0.1 days.

MFS Multimarket Income Trust Stock Up 0.3%

NYSE:MMT traded up $0.01 during mid-day trading on Monday, reaching $4.42. 309,694 shares of the company’s stock traded hands, compared to its average volume of 288,297. MFS Multimarket Income Trust has a 12-month low of $4.37 and a 12-month high of $4.87. The company has a 50 day moving average price of $4.48 and a 200-day moving average price of $4.58.

MFS Multimarket Income Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Thursday, July 23rd will be given a $0.04 dividend. The ex-dividend date is Thursday, July 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 10.9%. This is an increase from MFS Multimarket Income Trust’s previous monthly dividend of $0.03.

Hedge Funds Weigh In On MFS Multimarket Income Trust

Hedge funds have recently made changes to their positions in the business. Focus Partners Wealth raised its holdings in shares of MFS Multimarket Income Trust by 14.1% during the first quarter. Focus Partners Wealth now owns 28,645 shares of the closed-end fund’s stock valued at $133,000 after acquiring an additional 3,550 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in MFS Multimarket Income Trust by 780.0% in the first quarter. Geneos Wealth Management Inc. now owns 10,155 shares of the closed-end fund’s stock valued at $47,000 after acquiring an additional 9,001 shares in the last quarter. Franklin Resources Inc. bought a new stake in MFS Multimarket Income Trust in the second quarter valued at $97,000. Invesco Ltd. increased its position in MFS Multimarket Income Trust by 1.6% during the 2nd quarter. Invesco Ltd. now owns 763,018 shares of the closed-end fund’s stock valued at $3,586,000 after purchasing an additional 11,782 shares during the period. Finally, Raymond James Financial Inc. increased its position in MFS Multimarket Income Trust by 6.6% during the 2nd quarter. Raymond James Financial Inc. now owns 913,667 shares of the closed-end fund’s stock valued at $4,294,000 after purchasing an additional 56,346 shares during the period. 18.97% of the stock is owned by hedge funds and other institutional investors.

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.