MFS Intermediate Income Trust (NYSE:MIN) Short Interest Update

MFS Intermediate Income Trust (NYSE:MIN) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 501,072 shares, an increase of 126.9% from the May 31st total of 220,822 shares. Based on an average trading volume of 173,351 shares, the short-interest ratio is currently 2.9 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Landscape Capital Management L.L.C. bought a new stake in MFS Intermediate Income Trust during the 4th quarter valued at $34,000. Integrated Wealth Concepts LLC bought a new stake in MFS Intermediate Income Trust in the 3rd quarter worth $39,000. Compound Planning Inc. purchased a new position in shares of MFS Intermediate Income Trust in the fourth quarter valued at about $45,000. GatePass Capital LLC purchased a new position in shares of MFS Intermediate Income Trust in the first quarter valued at about $65,000. Finally, Benjamin Edwards Inc. increased its position in shares of MFS Intermediate Income Trust by 34.7% in the fourth quarter. Benjamin Edwards Inc. now owns 27,170 shares of the financial services provider’s stock valued at $71,000 after acquiring an additional 7,000 shares during the period. Institutional investors own 50.90% of the company’s stock.

MFS Intermediate Income Trust Trading Up 0.2%

MIN stock traded up $0.01 during trading on Monday, hitting $2.46. 120,774 shares of the company traded hands, compared to its average volume of 258,427. The company has a 50-day moving average of $2.45 and a 200-day moving average of $2.53. MFS Intermediate Income Trust has a 1 year low of $2.41 and a 1 year high of $2.72.

MFS Intermediate Income Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a $0.0186 dividend. The ex-dividend date is Tuesday, June 16th. This represents a c) annualized dividend and a yield of 9.1%.

MFS Intermediate Income Trust Company Profile

MFS Intermediate Income Trust (NYSE: MIN) is a closed-end management investment company that seeks to provide a high level of current income consistent with the preservation of capital. The Trust pursues its objective by investing primarily in a diversified portfolio of intermediate-duration fixed-income securities. Its holdings typically include investment-grade corporate bonds, mortgage- and asset-backed securities, and select non-investment-grade debt instruments. The Trust may employ leverage to enhance income potential and intends to distribute gains and interest earnings on a monthly basis.

The portfolio is managed by the fixed-income team at MFS Investment Management, a global asset manager founded in 1924 and headquartered in Boston, Massachusetts.