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 January. As of January 31st, there was short interest totalling 21,400 shares, a decrease of 46.2% from the January 15th total of 39,800 shares. Based on an average trading volume of 106,100 shares, the short-interest ratio is currently 0.2 days.

MFS Municipal Income Trust Stock Performance

Shares of NYSE:MFM traded up $0.06 during trading on Thursday, hitting $5.44. The company’s stock had a trading volume of 13,213 shares, compared to its average volume of 92,344. MFS Municipal Income Trust has a fifty-two week low of $5.05 and a fifty-two week high of $5.78. The business has a 50 day moving average price of $5.43 and a two-hundred day moving average price of $5.55.

MFS Municipal Income Trust Dividend Announcement

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 paid a dividend of $0.0215 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.26 annualized dividend and a yield of 4.75%.

Hedge Funds Weigh In On MFS Municipal Income Trust

Several hedge funds and other institutional investors have recently made changes to their positions in MFM. Sanctuary Advisors LLC purchased a new stake in MFS Municipal Income Trust during the second quarter worth approximately $104,000. Janney Montgomery Scott LLC lifted its position in shares of MFS Municipal Income Trust by 3.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 536,830 shares of the closed-end fund’s stock worth $3,071,000 after buying an additional 20,057 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of MFS Municipal Income Trust by 81.1% in the 3rd quarter. Wolverine Asset Management LLC now owns 79,658 shares of the closed-end fund’s stock valued at $456,000 after buying an additional 35,662 shares in the last quarter. Aviance Capital Partners LLC boosted its holdings in shares of MFS Municipal Income Trust by 6.1% in the 3rd quarter. Aviance Capital Partners LLC now owns 34,069 shares of the closed-end fund’s stock valued at $195,000 after buying an additional 1,945 shares in the last quarter. Finally, Pathstone Holdings LLC grew its position in shares of MFS Municipal Income Trust by 14.8% in the 3rd quarter. Pathstone Holdings LLC now owns 1,625,347 shares of the closed-end fund’s stock valued at $9,298,000 after buying an additional 209,439 shares during the last quarter.

About MFS Municipal Income Trust

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.