MFS Charter Income Trust (NYSE:MCR) Short Interest Up 509.4% in June

MFS Charter Income Trust (NYSE:MCR) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 96,296 shares, a growth of 509.4% from the May 31st total of 15,802 shares. Based on an average trading volume of 110,697 shares, the short-interest ratio is presently 0.9 days.

MFS Charter Income Trust Stock Performance

Shares of MCR stock traded down $0.00 during trading hours on Friday, reaching $5.94. The company had a trading volume of 75,078 shares, compared to its average volume of 88,208. The business has a fifty day moving average price of $5.98 and a 200-day moving average price of $6.13. MFS Charter Income Trust has a one year low of $5.84 and a one year high of $6.58.

MFS Charter Income Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were issued a $0.0437 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a c) annualized dividend and a dividend yield of 8.8%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MCR. Bank of America Corp DE boosted its position in MFS Charter Income Trust by 2.9% in the first quarter. Bank of America Corp DE now owns 381,610 shares of the financial services provider’s stock worth $2,313,000 after purchasing an additional 10,869 shares during the last quarter. Ashton Thomas Securities LLC increased its position in shares of MFS Charter Income Trust by 9.0% during the 1st quarter. Ashton Thomas Securities LLC now owns 96,650 shares of the financial services provider’s stock valued at $586,000 after purchasing an additional 8,000 shares during the last quarter. Rivernorth Capital Management LLC purchased a new stake in shares of MFS Charter Income Trust during the 1st quarter valued at about $1,873,000. Waverly Advisors LLC lifted its stake in shares of MFS Charter Income Trust by 28.9% in the 1st quarter. Waverly Advisors LLC now owns 46,809 shares of the financial services provider’s stock worth $284,000 after purchasing an additional 10,501 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of MFS Charter Income Trust by 6.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,362,242 shares of the financial services provider’s stock worth $8,255,000 after purchasing an additional 87,191 shares during the period.

About MFS Charter Income Trust

MFS Charter Income Trust (NYSE: MCR) is a diversified, closed-end management investment company organized in 1987. As part of the MFS Investment Management family, the Trust seeks to provide its shareholders with high current income and preservation of capital. The fund’s shares trade on the New York Stock Exchange, offering investors access to a managed portfolio of income-oriented securities within a single, publicly listed vehicle.

The fund primarily invests in a broad mix of preferred stocks, convertible securities and high-yield corporate bonds.