Mfs Muni Inc Tr (NYSE:MFM) Short Interest Update

Mfs Muni Inc Tr (NYSE:MFM) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 109,125 shares, an increase of 123.2% from the August 15th total of 48,886 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 221,650 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Mfs Muni Inc Tr

A number of institutional investors have recently made changes to their positions in MFM. Pathstone Holdings LLC boosted its holdings in Mfs Muni Inc Tr by 46.1% during the third quarter. Pathstone Holdings LLC now owns 3,944,944 shares of the closed-end fund’s stock worth $21,263,000 after buying an additional 1,245,143 shares during the last quarter. Bank of America Corp DE raised its position in shares of 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 during the period. UBS Group AG boosted its stake in Mfs Muni Inc Tr by 2.2% during the 4th quarter. UBS Group AG now owns 1,165,389 shares of the closed-end fund’s stock worth $6,328,000 after acquiring an additional 24,937 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Mfs Muni Inc Tr by 27.7% in the fourth quarter. Advisors Asset Management Inc. now owns 1,131,102 shares of the closed-end fund’s stock valued at $6,142,000 after purchasing an additional 245,549 shares in the last quarter. Finally, Robinson Capital Management LLC raised its holdings in Mfs Muni Inc Tr by 501.1% in the second quarter. Robinson Capital Management LLC now owns 1,076,957 shares of the closed-end fund’s stock worth $6,052,000 after purchasing an additional 897,784 shares during the period.

Mfs Muni Inc Tr Stock Performance

MFM stock traded down $0.05 during trading on Monday, hitting $5.13. The company had a trading volume of 34,861 shares, compared to its average volume of 170,272. The firm has a 50-day moving average price of $5.41 and a 200-day moving average price of $5.43. Mfs Muni Inc Tr has a 12 month low of $5.10 and a 12 month high of $5.67.

Mfs Muni Inc Tr Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd will be issued a $0.03 dividend. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date is Tuesday, September 22nd.

Mfs Muni Inc Tr Company Profile

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.