MFS Municipal Income Trust (NYSE:MFM) Short Interest Update

MFS Municipal Income Trust (NYSE:MFM) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totalling 25,700 shares, a decrease of 59.3% from the September 30th total of 63,200 shares. Based on an average trading volume of 98,200 shares, the short-interest ratio is currently 0.3 days.

MFS Municipal Income Trust Stock Performance

Shares of MFS Municipal Income Trust stock opened at $5.51 on Monday. The business has a 50-day moving average of $5.66 and a 200 day moving average of $5.42. MFS Municipal Income Trust has a 12 month low of $4.37 and a 12 month high of $5.78.

MFS Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.0215 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.26 annualized dividend and a dividend yield of 4.68%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MFM. Blue Bell Private Wealth Management LLC lifted its holdings in MFS Municipal Income Trust by 19.4% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 15,401 shares of the closed-end fund’s stock worth $84,000 after buying an additional 2,501 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of MFS Municipal Income Trust in the second quarter valued at $104,000. Wolverine Asset Management LLC raised its stake in shares of MFS Municipal Income Trust by 78.0% in the second quarter. Wolverine Asset Management LLC now owns 43,996 shares of the closed-end fund’s stock valued at $240,000 after acquiring an additional 19,278 shares in the last quarter. Rothschild Investment LLC purchased a new position in MFS Municipal Income Trust in the second quarter valued at $317,000. Finally, Choreo LLC acquired a new position in MFS Municipal Income Trust during the 1st quarter worth $437,000.

MFS Municipal Income Trust Company Profile

MFS Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.