MFS Charter Income Trust (NYSE:MCR) Short Interest Up 75.8% in April

MFS Charter Income Trust (NYSE:MCR) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 7,626 shares, a growth of 75.8% from the April 15th total of 4,338 shares. Based on an average trading volume of 81,917 shares, the days-to-cover ratio is currently 0.1 days.

MFS Charter Income Trust Stock Down 1.5%

Shares of NYSE:MCR opened at $5.86 on Wednesday. MFS Charter Income Trust has a 52-week low of $5.84 and a 52-week high of $6.58. The company has a 50 day moving average of $6.03 and a two-hundred day moving average of $6.20.

MFS Charter Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th will be given a $0.044 dividend. This represents a c) annualized dividend and a yield of 9.0%. 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, May 19th.

Institutional Trading of MFS Charter Income Trust

Several large investors have recently bought and sold shares of MCR. Sit Investment Associates Inc. grew its position in MFS Charter Income Trust by 16.2% in the fourth quarter. Sit Investment Associates Inc. now owns 3,993,082 shares of the financial services provider’s stock valued at $25,037,000 after acquiring an additional 557,205 shares in the last quarter. Rivernorth Capital Management LLC acquired a new stake in MFS Charter Income Trust in the first quarter valued at approximately $1,873,000. Riverbridge Partners LLC grew its position in MFS Charter Income Trust by 89.9% in the fourth quarter. Riverbridge Partners LLC now owns 193,336 shares of the financial services provider’s stock valued at $1,212,000 after acquiring an additional 91,541 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in MFS Charter Income Trust by 6.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,362,242 shares of the financial services provider’s stock valued at $8,255,000 after acquiring an additional 87,191 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in MFS Charter Income Trust by 49.4% in the fourth quarter. Wells Fargo & Company MN now owns 210,837 shares of the financial services provider’s stock valued at $1,322,000 after acquiring an additional 69,758 shares in the last quarter.

MFS Charter Income Trust Company Profile

MFS Charter Income Trust (NYSE: MCR) is a diversified, closed-end management investment company organized in 1987. As part of the MFS Investment Management family, the Trust seeks to provide its shareholders with high current income and preservation of capital. The fund’s shares trade on the New York Stock Exchange, offering investors access to a managed portfolio of income-oriented securities within a single, publicly listed vehicle.

The fund primarily invests in a broad mix of preferred stocks, convertible securities and high-yield corporate bonds.