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

MFS Multimarket Income Trust (NYSE:MMT) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 147,781 shares, an increase of 43.8% from the February 26th total of 102,776 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 112,410 shares, the short-interest ratio is presently 1.3 days.

MFS Multimarket Income Trust Price Performance

NYSE:MMT traded down $0.01 during trading hours on Friday, reaching $4.54. The company’s stock had a trading volume of 164,085 shares, compared to its average volume of 119,575. The firm has a 50-day simple moving average of $4.66 and a 200-day simple moving average of $4.70. MFS Multimarket Income Trust has a 1 year low of $4.31 and a 1 year high of $4.87.

MFS Multimarket Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a $0.0338 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date is Tuesday, March 17th.

Hedge Funds Weigh In On MFS Multimarket Income Trust

Several hedge funds have recently made changes to their positions in MMT. Impact Capital Partners LLC purchased a new stake in MFS Multimarket Income Trust in the third quarter worth $48,000. North Capital Inc. bought a new stake in MFS Multimarket Income Trust in the third quarter valued at $48,000. Geneos Wealth Management Inc. increased its position in MFS Multimarket Income Trust by 780.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 10,155 shares of the closed-end fund’s stock valued at $47,000 after purchasing an additional 9,001 shares during the period. Park Avenue Securities LLC purchased a new position in MFS Multimarket Income Trust during the 3rd quarter valued at $49,000. Finally, Melfa Wealth Management Inc. bought a new position in MFS Multimarket Income Trust in the 4th quarter worth $72,000. 18.97% of the stock is owned by hedge funds and other institutional investors.

About MFS Multimarket Income Trust

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.