Short Interest in MFS Charter Income Trust (NYSE:MCR) Decreases By 34.9%

MFS Charter Income Trust (NYSE:MCR) was the target of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 101,100 shares, a decrease of 34.9% from the January 15th total of 155,200 shares. Based on an average trading volume of 90,100 shares, the short-interest ratio is presently 1.1 days.

MFS Charter Income Trust Trading Down 0.1 %

Shares of MFS Charter Income Trust stock opened at $6.43 on Friday. MFS Charter Income Trust has a twelve month low of $6.01 and a twelve month high of $6.58. The company has a 50-day simple moving average of $6.33 and a two-hundred day simple moving average of $6.36.

MFS Charter Income Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a $0.0449 dividend. This represents a $0.54 annualized dividend and a dividend yield of 8.39%. The ex-dividend date is Tuesday, February 18th.

Institutional Investors Weigh In On MFS Charter Income Trust

A number of large investors have recently added to or reduced their stakes in MCR. Stifel Financial Corp lifted its position in shares of MFS Charter Income Trust by 13.5% during the 3rd quarter. Stifel Financial Corp now owns 179,664 shares of the financial services provider’s stock valued at $1,180,000 after acquiring an additional 21,350 shares during the period. Allspring Global Investments Holdings LLC raised its stake in MFS Charter Income Trust by 0.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,651,429 shares of the financial services provider’s stock valued at $10,850,000 after purchasing an additional 5,343 shares in the last quarter. International Assets Investment Management LLC lifted its position in MFS Charter Income Trust by 557.0% during the third quarter. International Assets Investment Management LLC now owns 76,705 shares of the financial services provider’s stock worth $504,000 after purchasing an additional 65,030 shares during the period. Strategic Financial Concepts LLC acquired a new stake in MFS Charter Income Trust during the fourth quarter worth about $265,000. Finally, Larson Financial Group LLC grew its stake in MFS Charter Income Trust by 233.2% during the third quarter. Larson Financial Group LLC now owns 6,330 shares of the financial services provider’s stock worth $42,000 after buying an additional 4,430 shares in the last quarter.

MFS Charter Income Trust Company Profile

MFS Charter Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets across the globe. It invests primarily in corporate bonds of U.S. or foreign issuers, U.S. Government securities, foreign government securities, mortgage-backed, and other asset-backed securities of U.S.