Short Interest in MFS Multimarket Income Trust (NYSE:MMT) Declines By 52.2%

MFS Multimarket Income Trust (NYSE:MMT) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 27,945 shares, a decline of 52.2% from the July 15th total of 58,408 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 378,022 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On MFS Multimarket Income Trust

Several institutional investors and hedge funds have recently modified their holdings of MMT. Allspring Global Investments Holdings LLC raised its holdings in shares of MFS Multimarket Income Trust by 3.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,450,887 shares of the closed-end fund’s stock valued at $15,943,000 after buying an additional 106,882 shares during the period. Raymond James Financial Inc. boosted its holdings in MFS Multimarket Income Trust by 6.6% in the 2nd quarter. Raymond James Financial Inc. now owns 913,667 shares of the closed-end fund’s stock worth $4,294,000 after acquiring an additional 56,346 shares during the period. Invesco Ltd. boosted its holdings in MFS Multimarket Income Trust by 1.1% in the 3rd quarter. Invesco Ltd. now owns 771,385 shares of the closed-end fund’s stock worth $3,687,000 after acquiring an additional 8,367 shares during the period. Sit Investment Associates Inc. grew its position in MFS Multimarket Income Trust by 127.2% in the fourth quarter. Sit Investment Associates Inc. now owns 642,159 shares of the closed-end fund’s stock valued at $2,986,000 after acquiring an additional 359,502 shares in the last quarter. Finally, Pathstone Holdings LLC grew its position in MFS Multimarket Income Trust by 19.6% in the third quarter. Pathstone Holdings LLC now owns 603,311 shares of the closed-end fund’s stock valued at $2,884,000 after acquiring an additional 98,797 shares in the last quarter. Hedge funds and other institutional investors own 18.97% of the company’s stock.

MFS Multimarket Income Trust Stock Up 0.7%

MFS Multimarket Income Trust stock traded up $0.03 during trading on Monday, reaching $4.47. 489,880 shares of the company’s stock were exchanged, compared to its average volume of 163,304. The company’s 50-day moving average is $4.42 and its two-hundred day moving average is $4.53. MFS Multimarket Income Trust has a 52-week low of $4.31 and a 52-week high of $4.87.

MFS Multimarket Income Trust Announces Dividend

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 paid a dividend of $0.04 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date is Monday, August 24th.

MFS Multimarket Income Trust Company Profile

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.