Mfs Muni Inc Tr (NYSE:MFM) Sees Significant Decrease in Short Interest

Mfs Muni Inc Tr (NYSE:MFM) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 48,886 shares, a decline of 40.1% from the July 30th total of 81,585 shares. Based on an average daily trading volume, of 290,362 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of Mfs Muni Inc Tr

A number of hedge funds have recently bought and sold shares of the stock. Pathstone Holdings LLC lifted its stake in shares of Mfs Muni Inc Tr by 46.1% in the third quarter. Pathstone Holdings LLC now owns 3,944,944 shares of the closed-end fund’s stock valued at $21,263,000 after buying an additional 1,245,143 shares during the period. Bank of America Corp DE raised its holdings in Mfs Muni Inc Tr by 1.1% in the 1st quarter. Bank of America Corp DE now owns 1,605,668 shares of the closed-end fund’s stock valued at $8,655,000 after acquiring an additional 18,174 shares in the last quarter. UBS Group AG raised its holdings in Mfs Muni Inc Tr by 2.2% in the 4th quarter. UBS Group AG now owns 1,165,389 shares of the closed-end fund’s stock valued at $6,328,000 after acquiring an additional 24,937 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Mfs Muni Inc Tr by 27.7% in the 4th quarter. Advisors Asset Management Inc. now owns 1,131,102 shares of the closed-end fund’s stock worth $6,142,000 after acquiring an additional 245,549 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of Mfs Muni Inc Tr by 28.1% in 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 acquiring an additional 224,810 shares during the period.

Mfs Muni Inc Tr Stock Up 0.6%

Mfs Muni Inc Tr stock traded up $0.03 during trading hours on Monday, reaching $5.40. 131,939 shares of the company were exchanged, compared to its average volume of 160,975. The stock has a 50-day moving average of $5.47 and a 200 day moving average of $5.44. Mfs Muni Inc Tr has a 12 month low of $5.13 and a 12 month high of $5.67.

Mfs Muni Inc Tr Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 6.7%.

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.