MFS Multimarket Income Trust (NYSE:MMT) Short Interest Down 19.4% in July

MFS Multimarket Income Trust (NYSE:MMT) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 124,300 shares, a drop of 19.4% from the June 30th total of 154,300 shares. Based on an average daily trading volume, of 71,300 shares, the short-interest ratio is currently 1.7 days.

Institutional Trading of MFS Multimarket Income Trust

Several institutional investors and hedge funds have recently made changes to their positions in the stock. WealthTrust Axiom LLC purchased a new position in shares of MFS Multimarket Income Trust during the fourth quarter valued at approximately $48,000. Bey Douglas LLC acquired a new position in MFS Multimarket Income Trust in the 4th quarter valued at $148,000. BOK Financial Private Wealth Inc. purchased a new position in shares of MFS Multimarket Income Trust during the 4th quarter worth $240,000. Atomi Financial Group Inc. lifted its stake in shares of MFS Multimarket Income Trust by 19.5% during the 2nd quarter. Atomi Financial Group Inc. now owns 55,809 shares of the closed-end fund’s stock worth $261,000 after purchasing an additional 9,110 shares during the period. Finally, Wolverine Asset Management LLC boosted its holdings in shares of MFS Multimarket Income Trust by 91.2% during the fourth quarter. Wolverine Asset Management LLC now owns 110,720 shares of the closed-end fund’s stock worth $504,000 after purchasing an additional 52,812 shares during the last quarter. 18.97% of the stock is currently owned by hedge funds and other institutional investors.

MFS Multimarket Income Trust Trading Up 0.3 %

Shares of MFS Multimarket Income Trust stock traded up $0.02 on Friday, reaching $4.72. 25,211 shares of the stock were exchanged, compared to its average volume of 71,134. MFS Multimarket Income Trust has a 1-year low of $4.04 and a 1-year high of $4.82. The business has a fifty day moving average price of $4.67 and a two-hundred day moving average price of $4.62.

MFS Multimarket Income Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 16th will be issued a $0.0336 dividend. The ex-dividend date is Tuesday, July 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.56%.

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.