MFS Multimarket Income Trust (NYSE:MMT) Sees Large Growth in Short Interest

MFS Multimarket Income Trust (NYSE:MMTGet Rating) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 65,800 shares, an increase of 452.9% from the March 31st total of 11,900 shares. Based on an average daily trading volume, of 124,100 shares, the days-to-cover ratio is presently 0.5 days.

Several hedge funds have recently added to or reduced their stakes in the stock. Mosaic Family Wealth LLC increased its holdings in shares of MFS Multimarket Income Trust by 3.3% during the 4th quarter. Mosaic Family Wealth LLC now owns 214,309 shares of the closed-end fund’s stock worth $1,369,000 after purchasing an additional 6,900 shares during the period. MML Investors Services LLC bought a new stake in MFS Multimarket Income Trust in the third quarter valued at about $66,000. Raymond James Financial Services Advisors Inc. increased its stake in MFS Multimarket Income Trust by 1.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 566,700 shares of the closed-end fund’s stock valued at $3,718,000 after acquiring an additional 9,705 shares during the period. Claraphi Advisory Network LLC increased its stake in MFS Multimarket Income Trust by 47.9% in the third quarter. Claraphi Advisory Network LLC now owns 24,438 shares of the closed-end fund’s stock valued at $160,000 after acquiring an additional 7,913 shares during the period. Finally, Advisor Group Holdings Inc. increased its stake in MFS Multimarket Income Trust by 21.1% in the third quarter. Advisor Group Holdings Inc. now owns 296,337 shares of the closed-end fund’s stock valued at $1,944,000 after acquiring an additional 51,535 shares during the period. 9.91% of the stock is owned by institutional investors and hedge funds.

NYSE MMT opened at $5.02 on Thursday. MFS Multimarket Income Trust has a twelve month low of $4.99 and a twelve month high of $6.65. The firm’s 50 day moving average price is $5.22 and its two-hundred day moving average price is $5.89.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, April 29th. Investors of record on Wednesday, April 20th will be paid a $0.037 dividend. This represents a $0.44 annualized dividend and a dividend yield of 8.84%. The ex-dividend date of this dividend is Tuesday, April 19th.

About MFS Multimarket Income Trust (Get Rating)

MFS Multimarket Income Trust is a closed ended fixed income mutual fund launched and managed by MFS Investment Management, Inc The fund invests in the fixed income markets across the globe with greater emphasis on United States. It seeks to invest in fixed income securities issued by U.S. Government, foreign government, mortgage backed, and other asset-backed securities of U.S.

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