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

MFS Multimarket Income Trust (NYSE:MMT) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 23,800 shares, a decline of 63.7% from the October 31st total of 65,500 shares. Based on an average trading volume of 71,300 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On MFS Multimarket Income Trust

A number of large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its holdings in MFS Multimarket Income Trust by 36.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,251,335 shares of the closed-end fund’s stock worth $15,216,000 after acquiring an additional 875,755 shares during the period. Atomi Financial Group Inc. raised its position in shares of MFS Multimarket Income Trust by 19.5% in the second quarter. Atomi Financial Group Inc. now owns 55,809 shares of the closed-end fund’s stock worth $261,000 after buying an additional 9,110 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in MFS Multimarket Income Trust by 23.8% during the second quarter. Commonwealth Equity Services LLC now owns 168,469 shares of the closed-end fund’s stock valued at $788,000 after buying an additional 32,358 shares during the period. Shaker Financial Services LLC grew its position in MFS Multimarket Income Trust by 9.7% during the second quarter. Shaker Financial Services LLC now owns 252,857 shares of the closed-end fund’s stock worth $1,183,000 after buying an additional 22,331 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in MFS Multimarket Income Trust in the 3rd quarter worth about $85,000. 18.97% of the stock is currently owned by institutional investors.

MFS Multimarket Income Trust Stock Performance

MMT traded up $0.02 during trading on Wednesday, reaching $4.67. 105,723 shares of the company were exchanged, compared to its average volume of 75,539. MFS Multimarket Income Trust has a 12-month low of $4.36 and a 12-month high of $4.90. The company’s 50-day moving average is $4.78 and its two-hundred day moving average is $4.73.

MFS Multimarket Income Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Tuesday, November 12th will be issued a $0.0342 dividend. This represents a $0.41 dividend on an annualized basis and a dividend yield of 8.78%. The ex-dividend date of this dividend is Tuesday, November 12th.

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.