Short Interest in MFS Multimarket Income Trust (NYSE:MMT) Expands By 302.6%

MFS Multimarket Income Trust (NYSE:MMT) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 112,503 shares, an increase of 302.6% from the July 30th total of 27,945 shares. Based on an average trading volume of 265,615 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On MFS Multimarket Income Trust

A number of large investors have recently modified their holdings of MMT. Readystate Asset Management LP purchased a new position in MFS Multimarket Income Trust in the 2nd quarter worth approximately $365,000. Fortitude Advisory Group L.L.C. raised its stake in shares of MFS Multimarket Income Trust by 83.9% during the second quarter. Fortitude Advisory Group L.L.C. now owns 163,481 shares of the closed-end fund’s stock valued at $719,000 after purchasing an additional 74,568 shares during the period. Concurrent Investment Advisors LLC acquired a new position in shares of MFS Multimarket Income Trust during the second quarter worth $125,000. Wedbush Securities Inc. lifted its position in shares of MFS Multimarket Income Trust by 117.7% during the second quarter. Wedbush Securities Inc. now owns 25,190 shares of the closed-end fund’s stock worth $111,000 after purchasing an additional 13,617 shares in the last quarter. Finally, First Heartland Consultants Inc. purchased a new position in shares of MFS Multimarket Income Trust in the second quarter valued at $66,000. Institutional investors and hedge funds own 18.97% of the company’s stock.

MFS Multimarket Income Trust Stock Performance

NYSE:MMT opened at $4.45 on Friday. The firm’s fifty day simple moving average is $4.42 and its 200 day simple moving average is $4.52. MFS Multimarket Income Trust has a twelve month low of $4.31 and a twelve month high of $4.87.

MFS Multimarket Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a $0.04 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a yield of 10.8%.

About MFS Multimarket Income Trust

MFS Multimarket Income Trust (NYSE: MMT) is a closed-end management investment company that seeks to provide high current income through investments in a diversified global portfolio of income-producing securities. Launched in 1987, the trust is managed by MFS Investment Management, a Boston-based asset manager with roots dating back to 1924. MFS Investment Management acts as the investment adviser and leverages its multi-asset research capabilities to build and monitor MMT’s portfolio on behalf of shareholders.

The trust’s principal investment activities encompass a broad range of fixed-income and equity-related instruments.