MFS Multimarket Income Trust (NYSE:MMT) Short Interest Up 139.9% in August

MFS Multimarket Income Trust (NYSE:MMT) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 269,919 shares, an increase of 139.9% from the August 15th total of 112,503 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 289,915 shares, the short-interest ratio is presently 0.9 days.

MFS Multimarket Income Trust Trading Down 1.0%

NYSE:MMT traded down $0.04 on Tuesday, hitting $4.30. 79,918 shares of the company’s stock traded hands, compared to its average volume of 170,984. MFS Multimarket Income Trust has a 1 year low of $4.30 and a 1 year high of $4.86. The firm has a 50-day moving average price of $4.42 and a 200-day moving average price of $4.49.

MFS Multimarket Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%.

Institutional Trading of MFS Multimarket Income Trust

Several hedge funds and other institutional investors have recently modified their holdings of MMT. Allspring Global Investments Holdings LLC boosted its position in MFS Multimarket Income Trust by 3.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,450,887 shares of the closed-end fund’s stock worth $15,943,000 after purchasing an additional 106,882 shares during the period. Sit Investment Associates Inc. raised its position in shares of MFS Multimarket Income Trust by 127.2% in the fourth quarter. Sit Investment Associates Inc. now owns 642,159 shares of the closed-end fund’s stock valued at $2,986,000 after purchasing an additional 359,502 shares during the period. Rivernorth Capital Management LLC acquired a new stake in shares of MFS Multimarket Income Trust in the first quarter worth $1,558,000. NewEdge Advisors LLC lifted its stake in shares of MFS Multimarket Income Trust by 260.5% in the second quarter. NewEdge Advisors LLC now owns 187,488 shares of the closed-end fund’s stock worth $825,000 after buying an additional 135,487 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in MFS Multimarket Income Trust by 75.7% during the first quarter. Cetera Investment Advisers now owns 178,117 shares of the closed-end fund’s stock valued at $823,000 after acquiring an additional 76,756 shares during the period. 18.97% of the stock is currently owned by hedge funds and other institutional investors.

MFS Multimarket Income Trust Company Profile

MFS Multimarket Income Trust (NYSE: MMT) is a closed-end investment company managed by MFS Investment Management. The trust seeks to provide high current income and, secondarily, capital appreciation by investing in a diversified portfolio of fixed-income securities and other income-producing investments.

Its portfolio may include government and corporate bonds, mortgage- and asset-backed securities, municipal obligations, floating-rate loans and other debt instruments issued in the United States and international markets.