Short Interest in Mfs Muni Inc Tr (NYSE:MFM) Declines By 42.7%

Mfs Muni Inc Tr (NYSE:MFM) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 81,585 shares, a decrease of 42.7% from the July 15th total of 142,469 shares. Based on an average daily volume of 270,532 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Mfs Muni Inc Tr

Large investors have recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. raised its holdings in Mfs Muni Inc Tr by 28.1% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,024,569 shares of the closed-end fund’s stock worth $5,758,000 after buying an additional 224,810 shares during the period. Closed End Fund Advisors Inc. purchased a new stake in Mfs Muni Inc Tr during the fourth quarter valued at about $1,442,000. Rivernorth Capital Management LLC boosted its holdings in shares of Mfs Muni Inc Tr by 12.0% in the first quarter. Rivernorth Capital Management LLC now owns 908,050 shares of the closed-end fund’s stock worth $4,894,000 after buying an additional 97,052 shares during the period. UBS Group AG boosted its holdings in shares of Mfs Muni Inc Tr by 2.2% in the fourth quarter. UBS Group AG now owns 1,165,389 shares of the closed-end fund’s stock worth $6,328,000 after buying an additional 24,937 shares during the period. Finally, NewEdge Advisors LLC increased its position in shares of Mfs Muni Inc Tr by 12.2% in the first quarter. NewEdge Advisors LLC now owns 157,811 shares of the closed-end fund’s stock worth $851,000 after acquiring an additional 17,153 shares in the last quarter.

Mfs Muni Inc Tr Trading Down 0.6%

NYSE:MFM traded down $0.03 during trading hours on Monday, reaching $5.45. 45,789 shares of the company’s stock were exchanged, compared to its average volume of 157,833. Mfs Muni Inc Tr has a 12 month low of $5.03 and a 12 month high of $5.67. The business’s 50-day simple moving average is $5.49 and its two-hundred day simple moving average is $5.45.

Mfs Muni Inc Tr Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be given a dividend of $0.03 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Monday, August 24th.

About Mfs Muni Inc Tr

MFS Municipal Income Trust (NYSE: MFM) is a closed-end management investment company that seeks to provide shareholders with a high level of income exempt from federal income tax. The trust primarily invests in a diversified portfolio of municipal securities, including both general obligation and revenue bonds issued by U.S. states, territories and municipalities. Its shares trade on the New York Stock Exchange, offering investors access to a professionally managed municipal bond portfolio within a single, publicly traded vehicle.

At least 80% of the trust’s total assets are allocated to investment-grade municipal debt, with the flexibility to invest up to 20% in non-investment grade or unrated securities when market conditions warrant.