MFS Charter Income Trust (NYSE:MCR) Short Interest Down 34.9% in January

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

MFS Charter Income Trust Stock Up 0.4 %

Shares of MFS Charter Income Trust stock traded up $0.03 during trading on Friday, reaching $6.45. 120,438 shares of the company were exchanged, compared to its average volume of 67,905. The business has a 50-day moving average price of $6.33 and a 200-day moving average price of $6.36. MFS Charter Income Trust has a twelve month low of $6.01 and a twelve month high of $6.58.

MFS Charter Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be given a $0.0449 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 8.36%. The ex-dividend date is Tuesday, February 18th.

Institutional Trading of MFS Charter Income Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Concurrent Investment Advisors LLC lifted its position in shares of MFS Charter Income Trust by 6.1% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 40,671 shares of the financial services provider’s stock valued at $267,000 after acquiring an additional 2,324 shares during the period. Ashton Thomas Securities LLC grew its stake in MFS Charter Income Trust by 7.2% in the 3rd quarter. Ashton Thomas Securities LLC now owns 44,750 shares of the financial services provider’s stock valued at $294,000 after purchasing an additional 3,000 shares during the period. Valley Brook Capital Group Inc. lifted its position in shares of MFS Charter Income Trust by 15.8% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 25,922 shares of the financial services provider’s stock valued at $170,000 after buying an additional 3,543 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of 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 acquiring an additional 4,430 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of MFS Charter Income Trust by 3.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 126,218 shares of the financial services provider’s stock worth $805,000 after purchasing an additional 4,747 shares during the period.

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.