Short Interest in MFS Multimarket Income Trust (NYSE:MMT) Decreases By 52.2%
by Scott Moore · The Cerbat GemMFS Multimarket Income Trust (NYSE:MMT – Get Free Report) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 27,945 shares, a drop of 52.2% from the July 15th total of 58,408 shares. Based on an average daily volume of 378,022 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.
Institutional Investors Weigh In On MFS Multimarket Income Trust
A number of hedge funds have recently made changes to their positions in the business. First Heartland Consultants Inc. purchased a new stake in shares of MFS Multimarket Income Trust in the 2nd quarter valued at $66,000. CoreCap Advisors LLC lifted its stake in MFS Multimarket Income Trust by 3,190.9% in the second quarter. CoreCap Advisors LLC now owns 51,338 shares of the closed-end fund’s stock worth $226,000 after purchasing an additional 49,778 shares during the last quarter. Rivernorth Capital Management LLC bought a new stake in MFS Multimarket Income Trust in the first quarter worth $1,558,000. Cetera Investment Advisers boosted its position in MFS Multimarket Income Trust by 75.7% during the first quarter. Cetera Investment Advisers now owns 178,117 shares of the closed-end fund’s stock valued at $823,000 after buying an additional 76,756 shares during the period. Finally, Gerald Baker Financial Group LLC bought a new position in shares of MFS Multimarket Income Trust during the first quarter valued at about $57,000. 18.97% of the stock is currently owned by institutional investors.
MFS Multimarket Income Trust Price Performance
Shares of MMT traded down $0.03 during midday trading on Friday, reaching $4.45. The stock had a trading volume of 111,893 shares, compared to its average volume of 340,391. The company’s 50-day moving average is $4.42 and its 200 day moving average is $4.53. MFS Multimarket Income Trust has a 12-month low of $4.31 and a 12-month high of $4.87.
MFS Multimarket Income Trust Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a dividend of $0.04 per share. This represents a c) dividend on an annualized basis and a yield of 10.8%. 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.