Short Interest in MFS Charter Income Trust (NYSE:MCR) Decreases By 15.1%

MFS Charter Income Trust (NYSE:MCR) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 100,200 shares, a decline of 15.1% from the February 13th total of 118,000 shares. Based on an average daily volume of 88,100 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Sit Investment Associates Inc. increased its holdings in shares of MFS Charter Income Trust by 30.8% in the fourth quarter. Sit Investment Associates Inc. now owns 2,081,087 shares of the financial services provider’s stock valued at $13,277,000 after purchasing an additional 489,759 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of MFS Charter Income Trust by 7.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,773,447 shares of the financial services provider’s stock valued at $11,315,000 after purchasing an additional 122,018 shares during the period. Invesco Ltd. increased its holdings in shares of MFS Charter Income Trust by 10.4% in the fourth quarter. Invesco Ltd. now owns 567,652 shares of the financial services provider’s stock valued at $3,622,000 after purchasing an additional 53,369 shares during the period. GraniteShares Advisors LLC acquired a new position in shares of MFS Charter Income Trust in the fourth quarter valued at approximately $2,464,000. Finally, Bank of America Corp DE grew its holdings in MFS Charter Income Trust by 3.7% during the fourth quarter. Bank of America Corp DE now owns 291,727 shares of the financial services provider’s stock worth $1,861,000 after acquiring an additional 10,417 shares during the period.

MFS Charter Income Trust Stock Performance

MCR stock opened at $6.24 on Wednesday. The business has a 50 day moving average price of $6.35 and a 200 day moving average price of $6.36. MFS Charter Income Trust has a fifty-two week low of $6.01 and a fifty-two week high of $6.58.

MFS Charter Income Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.0452 per share. This is a positive change from MFS Charter Income Trust’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.54 annualized dividend and a yield of 8.70%.

About MFS Charter Income Trust

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.