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

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

Hedge Funds Weigh In On MFS Charter Income Trust

Several large investors have recently bought and sold shares of MCR. Geneos Wealth Management Inc. acquired a new position in shares of MFS Charter Income Trust during the 1st quarter worth about $34,000. B. Riley Wealth Advisors Inc. purchased a new stake in MFS Charter Income Trust during the second quarter worth approximately $70,000. Landscape Capital Management L.L.C. purchased a new position in MFS Charter Income Trust in the fourth quarter valued at approximately $73,000. Millennium Management LLC acquired a new stake in MFS Charter Income Trust during the fourth quarter worth approximately $76,000. Finally, Evolve Private Wealth LLC acquired a new stake in MFS Charter Income Trust during the first quarter worth approximately $79,000.

MFS Charter Income Trust Stock Down 0.0%

Shares of MCR stock traded down $0.00 during trading hours on Friday, reaching $5.94. 75,078 shares of the stock were exchanged, compared to its average volume of 88,208. The business’s fifty day moving average is $5.99 and its two-hundred day moving average is $6.13. MFS Charter Income Trust has a 12-month low of $5.84 and a 12-month 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. Stockholders of record on Monday, June 8th were given a dividend of $0.0437 per share. This represents a c) annualized dividend and a dividend yield of 8.8%. The ex-dividend date of this dividend was Monday, June 8th.

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.