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

MFS Intermediate Income Trust (NYSE:MIN) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 250,639 shares, a growth of 69.6% from the April 30th total of 147,764 shares. Based on an average daily volume of 293,974 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On MFS Intermediate Income Trust

Institutional investors have recently modified their holdings of the business. Compound Planning Inc. grew its stake in shares of MFS Intermediate Income Trust by 49.9% in the first quarter. Compound Planning Inc. now owns 25,797 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 8,584 shares in the last quarter. GatePass Capital LLC acquired a new stake in MFS Intermediate Income Trust in the 1st quarter worth about $65,000. Private Advisor Group LLC raised its stake in MFS Intermediate Income Trust by 1.5% in the 1st quarter. Private Advisor Group LLC now owns 347,425 shares of the financial services provider’s stock worth $872,000 after purchasing an additional 5,075 shares in the last quarter. Decision Investments Inc. boosted its holdings in MFS Intermediate Income Trust by 6.6% in the 1st quarter. Decision Investments Inc. now owns 163,000 shares of the financial services provider’s stock valued at $409,000 after purchasing an additional 10,100 shares during the period. Finally, Evolve Private Wealth LLC bought a new stake in MFS Intermediate Income Trust in the 1st quarter valued at about $75,000. Institutional investors own 50.90% of the company’s stock.

MFS Intermediate Income Trust Price Performance

NYSE:MIN opened at $2.43 on Thursday. The stock has a 50 day simple moving average of $2.47 and a 200 day simple moving average of $2.55. MFS Intermediate Income Trust has a 1-year low of $2.41 and a 1-year high of $2.73.

MFS Intermediate Income Trust Cuts Dividend

The company 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 dividend of $0.0186 per share. The ex-dividend date is Tuesday, June 16th. This represents a c) annualized dividend and a yield of 9.2%.

About MFS Intermediate Income Trust

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.