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

MFS Multimarket Income Trust (NYSE:MMT) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 87,983 shares, a growth of 40.6% from the November 30th total of 62,594 shares. Based on an average daily trading volume, of 67,412 shares, the short-interest ratio is currently 1.3 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 67,412 shares, the short-interest ratio is currently 1.3 days.

Hedge Funds Weigh In On MFS Multimarket Income Trust

A number of institutional investors have recently made changes to their positions in MMT. Geneos Wealth Management Inc. grew its position in shares of MFS Multimarket Income Trust by 780.0% during the first quarter. Geneos Wealth Management Inc. now owns 10,155 shares of the closed-end fund’s stock worth $47,000 after buying an additional 9,001 shares in the last quarter. Impact Capital Partners LLC acquired a new stake in MFS Multimarket Income Trust in the third quarter valued at $48,000. North Capital Inc. bought a new position in MFS Multimarket Income Trust during the 3rd quarter valued at $48,000. Park Avenue Securities LLC acquired a new position in MFS Multimarket Income Trust during the 3rd quarter worth $49,000. Finally, Jane Street Group LLC bought a new stake in shares of MFS Multimarket Income Trust in the 2nd quarter worth about $84,000. 18.97% of the stock is owned by institutional investors and hedge funds.

MFS Multimarket Income Trust Price Performance

NYSE:MMT opened at $4.67 on Tuesday. The firm has a 50-day moving average of $4.69 and a two-hundred day 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 Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a dividend of $0.0337 per share. This represents a c) dividend on an annualized basis and a yield of 8.7%. The ex-dividend date is Tuesday, December 16th.

MFS Multimarket Income Trust Company Profile

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.