MFS Charter Income Trust (NYSE:MCR) Sees Significant Growth in Short Interest

MFS Charter Income Trust (NYSE:MCRGet Rating) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 33,000 shares, a growth of 39.2% from the March 15th total of 23,700 shares. Based on an average daily volume of 83,500 shares, the short-interest ratio is currently 0.4 days.

Shares of MCR traded down $0.04 during midday trading on Friday, reaching $6.96. The company had a trading volume of 73,108 shares, compared to its average volume of 87,282. MFS Charter Income Trust has a 1-year low of $6.88 and a 1-year high of $9.00. The firm has a 50 day simple moving average of $7.28 and a 200-day simple moving average of $8.03.

The business also recently announced a monthly dividend, which will be paid on Friday, April 29th. Shareholders of record on Wednesday, April 20th will be paid a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 8.79%. The ex-dividend date is Tuesday, April 19th.

Several institutional investors and hedge funds have recently modified their holdings of MCR. Morgan Stanley increased its stake in shares of MFS Charter Income Trust by 4.7% in the 2nd quarter. Morgan Stanley now owns 4,083,712 shares of the financial services provider’s stock worth $35,692,000 after acquiring an additional 184,208 shares during the last quarter. Dynamic Advisor Solutions LLC increased its stake in shares of MFS Charter Income Trust by 6.7% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 31,019 shares of the financial services provider’s stock worth $267,000 after acquiring an additional 1,952 shares during the last quarter. Shaker Financial Services LLC acquired a new stake in shares of MFS Charter Income Trust during the 3rd quarter worth about $264,000. LPL Financial LLC raised its holdings in MFS Charter Income Trust by 12.4% in the 3rd quarter. LPL Financial LLC now owns 207,080 shares of the financial services provider’s stock valued at $1,781,000 after buying an additional 22,837 shares during the period. Finally, UBS Group AG raised its holdings in MFS Charter Income Trust by 6.2% in the 3rd quarter. UBS Group AG now owns 290,233 shares of the financial services provider’s stock valued at $2,496,000 after buying an additional 17,058 shares during the period.

MFS Charter Income Trust Company Profile (Get Rating)

MFS Charter Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets across the globe. It invests primarily in corporate bonds of U.S. or foreign issuers, U.S. Government securities, foreign government securities, mortgage-backed, and other asset-backed securities of U.S.

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