MFS Multimarket Income Trust (NYSE:MMT) Short Interest Up 121.7% in March

MFS Multimarket Income Trust (NYSE:MMT) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 327,704 shares, a growth of 121.7% from the March 15th total of 147,781 shares. Based on an average daily trading volume, of 140,047 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.6% of the company’s shares are sold short.

MFS Multimarket Income Trust Stock Up 0.7%

Shares of NYSE MMT traded up $0.03 during trading hours on Tuesday, hitting $4.63. The company’s stock had a trading volume of 464 shares, compared to its average volume of 100,477. MFS Multimarket Income Trust has a 12 month low of $4.37 and a 12 month high of $4.87. The business has a 50-day simple moving average of $4.63 and a 200-day simple moving average of $4.68.

MFS Multimarket Income Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 14th will be paid a $0.0329 dividend. The ex-dividend date of this dividend is Tuesday, April 14th. This represents a c) annualized dividend and a dividend yield of 8.5%.

Institutional Trading of MFS Multimarket Income Trust

Large investors have recently modified their holdings of the business. Impact Capital Partners LLC bought a new stake in shares of MFS Multimarket Income Trust in the third quarter worth about $48,000. North Capital Inc. bought a new stake in shares of MFS Multimarket Income Trust in the third quarter worth about $48,000. Geneos Wealth Management Inc. grew its stake in shares of MFS Multimarket Income Trust by 780.0% in the first quarter. Geneos Wealth Management Inc. now owns 10,155 shares of the closed-end fund’s stock worth $47,000 after purchasing an additional 9,001 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of MFS Multimarket Income Trust in the third quarter worth about $49,000. Finally, Melfa Wealth Management Inc. bought a new stake in shares of MFS Multimarket Income Trust in the fourth quarter worth about $72,000. 18.97% of the stock is owned by institutional investors.

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.