MFS Charter Income Trust (NYSE:MCR) Short Interest Update

MFS Charter Income Trust (NYSE:MCR) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 22,300 shares, a decrease of 45.3% from the August 15th total of 40,800 shares. Based on an average daily volume of 61,700 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 61,700 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On MFS Charter Income Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sit Investment Associates Inc. raised its stake in MFS Charter Income Trust by 17.8% during the 1st quarter. Sit Investment Associates Inc. now owns 2,451,127 shares of the financial services provider’s stock worth $15,369,000 after acquiring an additional 370,040 shares during the period. Invesco Ltd. raised its stake in MFS Charter Income Trust by 0.8% during the 2nd quarter. Invesco Ltd. now owns 517,874 shares of the financial services provider’s stock worth $3,294,000 after acquiring an additional 4,047 shares during the period. GraniteShares Advisors LLC raised its stake in MFS Charter Income Trust by 6.7% during the 2nd quarter. GraniteShares Advisors LLC now owns 438,586 shares of the financial services provider’s stock worth $2,789,000 after acquiring an additional 27,412 shares during the period. Shaker Financial Services LLC raised its stake in MFS Charter Income Trust by 8.6% during the 2nd quarter. Shaker Financial Services LLC now owns 341,354 shares of the financial services provider’s stock worth $2,171,000 after acquiring an additional 27,153 shares during the period. Finally, Bank of America Corp DE raised its stake in MFS Charter Income Trust by 0.6% during the 2nd quarter. Bank of America Corp DE now owns 334,847 shares of the financial services provider’s stock worth $2,130,000 after acquiring an additional 2,034 shares during the period.

MFS Charter Income Trust Trading Up 0.2%

Shares of NYSE:MCR opened at $6.53 on Friday. The firm’s 50 day moving average price is $6.37 and its 200-day moving average price is $6.28. MFS Charter Income Trust has a twelve month low of $5.57 and a twelve month high of $6.58.

MFS Charter Income Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a $0.045 dividend. This is a boost from MFS Charter Income Trust’s previous monthly dividend of $0.04. The ex-dividend date is Tuesday, September 16th. This represents a c) annualized dividend and a dividend yield of 8.3%.

About MFS Charter Income Trust

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.