MFS Multimarket Income Trust (NYSE:MMT) Short Interest Up 99.3% in April

MFS Multimarket Income Trust (NYSE:MMT) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 60,800 shares, a growth of 99.3% from the March 31st total of 30,500 shares. Based on an average daily volume of 101,400 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On MFS Multimarket Income Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Atomi Financial Group Inc. raised its stake in MFS Multimarket Income Trust by 6.8% in the 4th quarter. Atomi Financial Group Inc. now owns 59,447 shares of the closed-end fund’s stock worth $279,000 after acquiring an additional 3,759 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in MFS Multimarket Income Trust by 1.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 371,451 shares of the closed-end fund’s stock worth $1,727,000 after acquiring an additional 4,159 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of MFS Multimarket Income Trust by 4.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 183,356 shares of the closed-end fund’s stock valued at $860,000 after buying an additional 7,055 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of MFS Multimarket Income Trust during the 4th quarter valued at about $49,000. Finally, Cetera Investment Advisers raised its stake in shares of MFS Multimarket Income Trust by 8.3% during the 4th quarter. Cetera Investment Advisers now owns 176,474 shares of the closed-end fund’s stock valued at $828,000 after buying an additional 13,507 shares during the last quarter. Hedge funds and other institutional investors own 18.97% of the company’s stock.

MFS Multimarket Income Trust Price Performance

MFS Multimarket Income Trust stock opened at $4.56 on Tuesday. The business has a fifty day moving average price of $4.58 and a 200-day moving average price of $4.65. MFS Multimarket Income Trust has a 1-year low of $4.31 and a 1-year high of $4.90.

MFS Multimarket Income Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a $0.0335 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.40 dividend on an annualized basis and a yield of 8.81%.

MFS Multimarket Income Trust Company Profile

MFS Multimarket Income Trust is a closed ended fixed income mutual fund launched and managed by MFS Investment Management, Inc The fund invests in the fixed income markets across the globe with greater emphasis on United States. It seeks to invest in fixed income securities issued by U.S. Government, foreign government, mortgage backed, and other asset-backed securities of U.S.