MFS Intermediate Income Trust (NYSE:MIN) Short Interest Update

MFS Intermediate Income Trust (NYSE:MIN – Get Rating) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 4,600 shares, a decrease of 82.0% from the March 31st total of 25,500 shares. Based on an average daily trading volume, of 380,200 shares, the short-interest ratio is currently 0.0 days.

Shares of MIN stock remained flat at $$3.03 on Thursday. The stock had a trading volume of 476,695 shares, compared to its average volume of 394,020. The company’s fifty day moving average price is $3.14 and its 200-day moving average price is $3.40. MFS Intermediate Income Trust has a 12 month low of $3.02 and a 12 month high of $3.74.

The business also recently declared a monthly dividend, which will be paid on Friday, April 29th. Stockholders of record on Wednesday, April 20th will be paid a $0.024 dividend. The ex-dividend date is Tuesday, April 19th. This represents a $0.29 annualized dividend and a dividend yield of 9.50%.

Hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. grew its stake in MFS Intermediate Income Trust by 156.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 8,850 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 5,400 shares during the period. We Are One Seven LLC acquired a new position in MFS Intermediate Income Trust during the third quarter worth $39,000. Creative Planning acquired a new position in MFS Intermediate Income Trust during the third quarter worth $44,000. Moors & Cabot Inc. bought a new position in shares of MFS Intermediate Income Trust in the third quarter valued at $51,000. Finally, LPL Financial LLC lifted its position in MFS Intermediate Income Trust by 16.6% in the 4th quarter. LPL Financial LLC now owns 21,448 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 3,060 shares in the last quarter. 50.08% of the stock is owned by institutional investors.

About MFS Intermediate Income Trust (Get Rating)

MFS Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets across the globe. It primarily invests in debt instruments. The fund seeks to benchmarks the performance of its portfolio against the Barclays Intermediate U.S.

Read More