Short Interest in MFS Multimarket Income Trust (NYSE:MMT) Drops By 13.7%

MFS Multimarket Income Trust (NYSE:MMT) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 13,900 shares, a drop of 13.7% from the February 13th total of 16,100 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 91,400 shares, the days-to-cover ratio is presently 0.2 days.

MFS Multimarket Income Trust Stock Down 0.1 %

MFS Multimarket Income Trust stock opened at $4.61 on Thursday. MFS Multimarket Income Trust has a 12 month low of $4.43 and a 12 month high of $4.90. The business has a 50 day moving average price of $4.66 and a two-hundred day moving average price of $4.72.

MFS Multimarket Income Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be given a $0.0337 dividend. This is a boost from MFS Multimarket Income Trust’s previous monthly dividend of $0.03. This represents a $0.40 annualized dividend and a yield of 8.78%. The ex-dividend date of this dividend is Tuesday, March 18th.

Institutional Investors Weigh In On MFS Multimarket Income Trust

A number of institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of MFS Multimarket Income Trust during the 4th quarter worth about $3,922,000. 1607 Capital Partners LLC lifted its stake in MFS Multimarket Income Trust by 84.7% during the fourth quarter. 1607 Capital Partners LLC now owns 366,188 shares of the closed-end fund’s stock worth $1,717,000 after purchasing an additional 167,961 shares during the period. Janney Montgomery Scott LLC lifted its stake in MFS Multimarket Income Trust by 33.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 367,292 shares of the closed-end fund’s stock worth $1,723,000 after purchasing an additional 92,815 shares during the period. Northstar Financial Companies Inc. acquired a new stake in MFS Multimarket Income Trust during the fourth quarter valued at approximately $265,000. Finally, Focus Partners Wealth bought a new stake in shares of MFS Multimarket Income Trust in the 4th quarter valued at approximately $118,000. Institutional investors and hedge funds own 18.97% of the company’s stock.

About MFS Multimarket Income Trust

MFS Multimarket Income Trust is a closed ended fixed income mutual fund launched and managed by MFS Investment Management, Inc The fund invests in the fixed income markets across the globe with greater emphasis on United States. It seeks to invest in fixed income securities issued by U.S. Government, foreign government, mortgage backed, and other asset-backed securities of U.S.