MFS Multimarket Income Trust (NYSE:MMT) Sees Large Drop in Short Interest

MFS Multimarket Income Trust (NYSE:MMT) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 16,100 shares, a decrease of 56.6% from the January 31st total of 37,100 shares. Based on an average trading volume of 89,900 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of MFS Multimarket Income Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Focus Partners Wealth acquired a new stake in MFS Multimarket Income Trust during the 4th quarter valued at approximately $118,000. Cetera Investment Advisers boosted its stake in shares of MFS Multimarket Income Trust by 8.3% during the 4th quarter. Cetera Investment Advisers now owns 176,474 shares of the closed-end fund’s stock valued at $828,000 after buying an additional 13,507 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of MFS Multimarket Income Trust during the fourth quarter worth approximately $68,000. Two Sigma Securities LLC bought a new stake in shares of MFS Multimarket Income Trust in the fourth quarter worth $103,000. Finally, MGO One Seven LLC increased its stake in shares of MFS Multimarket Income Trust by 74.8% in the fourth quarter. MGO One Seven LLC now owns 51,305 shares of the closed-end fund’s stock worth $241,000 after buying an additional 21,953 shares during the last quarter. 18.97% of the stock is owned by hedge funds and other institutional investors.

MFS Multimarket Income Trust Stock Up 0.1 %

Shares of NYSE:MMT opened at $4.68 on Friday. The company has a 50 day moving average of $4.66 and a two-hundred day moving average of $4.73. MFS Multimarket Income Trust has a 52-week low of $4.43 and a 52-week high of $4.90.

MFS Multimarket Income Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were given a $0.0334 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.40 dividend on an annualized basis and a yield of 8.58%.

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.