MFS Intermediate Income Trust (NYSE:MIN) Sees Significant Increase in Short Interest

MFS Intermediate Income Trust (NYSE:MIN) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 337,200 shares, a growth of 16.0% from the February 13th total of 290,600 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 203,600 shares, the short-interest ratio is currently 1.7 days.

MFS Intermediate Income Trust Trading Down 0.2 %

Shares of NYSE:MIN opened at $2.69 on Friday. MFS Intermediate Income Trust has a 52-week low of $2.56 and a 52-week high of $2.79. The company has a 50-day simple moving average of $2.69 and a 200 day simple moving average of $2.70.

MFS Intermediate Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.0196 per share. The ex-dividend date is Tuesday, March 18th. This is an increase from MFS Intermediate Income Trust’s previous monthly dividend of $0.02. This represents a $0.24 annualized dividend and a yield of 8.78%.

Institutional Investors Weigh In On MFS Intermediate Income Trust

Hedge funds have recently bought and sold shares of the stock. EP Wealth Advisors LLC lifted its position in MFS Intermediate Income Trust by 37.0% during the third quarter. EP Wealth Advisors LLC now owns 15,750 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 4,250 shares during the last quarter. Advisory Services Network LLC acquired a new stake in MFS Intermediate Income Trust during the fourth quarter worth approximately $45,000. XTX Topco Ltd acquired a new stake in MFS Intermediate Income Trust during the fourth quarter worth approximately $67,000. Citadel Advisors LLC lifted its position in MFS Intermediate Income Trust by 17.0% during the fourth quarter. Citadel Advisors LLC now owns 29,664 shares of the financial services provider’s stock worth $79,000 after acquiring an additional 4,310 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in MFS Intermediate Income Trust during the third quarter worth approximately $92,000. 50.90% of the stock is currently owned by institutional investors and hedge funds.

About MFS Intermediate Income Trust

MFS Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets across the globe. It primarily invests in debt instruments. The fund seeks to benchmarks the performance of its portfolio against the Barclays Intermediate U.S.