MFS Charter Income Trust (NYSE:MCR) Sees Significant Drop in Short Interest

MFS Charter Income Trust (NYSE:MCR) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 81,300 shares, a drop of 18.9% from the February 28th total of 100,200 shares. Based on an average daily volume of 83,800 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in MFS Charter Income Trust in the fourth quarter worth about $79,000. Citadel Advisors LLC bought a new stake in shares of MFS Charter Income Trust during the 4th quarter worth about $82,000. Melfa Wealth Management Inc. acquired a new stake in shares of MFS Charter Income Trust in the 4th quarter worth approximately $129,000. Anderson Financial Strategies LLC bought a new position in shares of MFS Charter Income Trust in the fourth quarter valued at approximately $215,000. Finally, Waverly Advisors LLC acquired a new position in shares of MFS Charter Income Trust during the fourth quarter valued at approximately $251,000.

MFS Charter Income Trust Trading Up 0.3 %

Shares of NYSE MCR opened at $6.32 on Thursday. MFS Charter Income Trust has a 12-month low of $6.01 and a 12-month high of $6.58. The stock has a 50 day simple moving average of $6.35 and a 200-day simple moving average of $6.35.

MFS Charter Income Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.0448 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.54 dividend on an annualized basis and a yield of 8.50%.

MFS Charter Income Trust Company Profile

MFS Charter Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets across the globe. It invests primarily in corporate bonds of U.S. or foreign issuers, U.S. Government securities, foreign government securities, mortgage-backed, and other asset-backed securities of U.S.