MFS Multimarket Income Trust (NYSE:MMT) Short Interest Update

MFS Multimarket Income Trust (NYSE:MMT) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 26,019 shares, a growth of 91.5% from the December 31st total of 13,588 shares. Based on an average daily volume of 95,791 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 95,791 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On MFS Multimarket Income Trust

Large investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its position in shares of MFS Multimarket Income Trust by 780.0% during the first quarter. Geneos Wealth Management Inc. now owns 10,155 shares of the closed-end fund’s stock worth $47,000 after acquiring an additional 9,001 shares during the last quarter. Impact Capital Partners LLC acquired a new position in shares of MFS Multimarket Income Trust in the 3rd quarter worth approximately $48,000. North Capital Inc. bought a new stake in shares of MFS Multimarket Income Trust in the 3rd quarter valued at $48,000. Park Avenue Securities LLC acquired a new stake in shares of MFS Multimarket Income Trust during the third quarter worth $49,000. Finally, Melfa Wealth Management Inc. bought a new position in MFS Multimarket Income Trust during the fourth quarter worth $72,000. 18.97% of the stock is currently owned by institutional investors.

MFS Multimarket Income Trust Stock Up 0.4%

MFS Multimarket Income Trust stock traded up $0.02 during trading hours on Friday, hitting $4.72. The company had a trading volume of 101,728 shares, compared to its average volume of 83,025. MFS Multimarket Income Trust has a one year low of $4.31 and a one year high of $4.87. The firm has a 50-day moving average of $4.69 and a 200 day moving average of $4.71.

MFS Multimarket Income Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Tuesday, January 20th will be issued a dividend of $0.0337 per share. The ex-dividend date of this dividend is Tuesday, January 20th. This represents a c) annualized dividend and a dividend yield of 8.6%.

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.