MFS Multimarket Income Trust (NYSE:MMT) Sees Significant Growth in Short Interest

MFS Multimarket Income Trust (NYSE:MMT) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 35,600 shares, a growth of 156.1% from the February 28th total of 13,900 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 88,600 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new stake in shares of MFS Multimarket Income Trust during the fourth quarter valued at about $3,922,000. 1607 Capital Partners LLC raised its stake in shares of MFS Multimarket Income Trust by 84.7% during the 4th quarter. 1607 Capital Partners LLC now owns 366,188 shares of the closed-end fund’s stock worth $1,717,000 after acquiring an additional 167,961 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in MFS Multimarket Income Trust by 33.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 367,292 shares of the closed-end fund’s stock valued at $1,723,000 after acquiring an additional 92,815 shares during the last quarter. Northstar Financial Companies Inc. acquired a new stake in MFS Multimarket Income Trust in the fourth quarter valued at approximately $265,000. Finally, Focus Partners Wealth purchased a new position in MFS Multimarket Income Trust in the fourth quarter worth $118,000. 18.97% of the stock is owned by institutional investors.

MFS Multimarket Income Trust Stock Down 0.2 %

MFS Multimarket Income Trust stock traded down $0.01 during midday trading on Friday, hitting $4.64. 63,774 shares of the company’s stock were exchanged, compared to its average volume of 79,151. MFS Multimarket Income Trust has a 12 month low of $4.43 and a 12 month high of $4.90. The firm has a 50-day moving average of $4.67 and a two-hundred day moving average of $4.71.

MFS Multimarket Income Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be issued a $0.0337 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from MFS Multimarket Income Trust’s previous monthly dividend of $0.03. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.71%.

About MFS Multimarket Income Trust

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.