MFS Charter Income Trust (NYSE:MCR) Short Interest Down 50.0% in December

MFS Charter Income Trust (NYSE:MCR) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totaling 29,481 shares, a drop of 50.0% from the December 15th total of 58,998 shares. Based on an average daily volume of 145,661 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 145,661 shares, the short-interest ratio is currently 0.2 days.

MFS Charter Income Trust Stock Performance

Shares of NYSE MCR traded up $0.01 during midday trading on Thursday, hitting $6.32. The company’s stock had a trading volume of 34,581 shares, compared to its average volume of 73,568. The stock has a fifty day moving average price of $6.30 and a 200 day moving average price of $6.35. MFS Charter Income Trust has a one year low of $5.57 and a one year high of $6.58.

MFS Charter Income Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Tuesday, January 20th will be issued a dividend of $0.0448 per share. The ex-dividend date of this dividend is Tuesday, January 20th. This represents a c) dividend on an annualized basis and a yield of 8.5%.

Hedge Funds Weigh In On MFS Charter Income Trust

Hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. bought a new stake in shares of MFS Charter Income Trust during the 1st quarter valued at $34,000. Riverbridge Partners LLC grew its holdings in MFS Charter Income Trust by 3.7% during the 2nd quarter. Riverbridge Partners LLC now owns 99,515 shares of the financial services provider’s stock valued at $633,000 after buying an additional 3,586 shares in the last quarter. GraniteShares Advisors LLC increased its position in shares of MFS Charter Income Trust by 6.7% during the second quarter. GraniteShares Advisors LLC now owns 438,586 shares of the financial services provider’s stock valued at $2,789,000 after buying an additional 27,412 shares during the period. International Assets Investment Management LLC bought a new stake in shares of MFS Charter Income Trust during the second quarter valued at about $74,000. Finally, Shaker Financial Services LLC lifted its holdings in shares of MFS Charter Income Trust by 8.6% in the second quarter. Shaker Financial Services LLC now owns 341,354 shares of the financial services provider’s stock worth $2,171,000 after buying an additional 27,153 shares in the last quarter.

MFS Charter Income Trust Company Profile

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.