MFS Multimarket Income Trust (NYSE:MMT) Short Interest Down 63.2% in April

MFS Multimarket Income Trust (NYSE:MMTGet Rating) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 24,200 shares, a drop of 63.2% from the April 15th total of 65,800 shares. Based on an average trading volume of 125,900 shares, the days-to-cover ratio is currently 0.2 days.

Shares of MMT stock opened at $4.74 on Thursday. The stock has a fifty day moving average of $5.12 and a 200 day moving average of $5.77. MFS Multimarket Income Trust has a 52 week low of $4.65 and a 52 week high of $6.65.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, May 31st. Investors of record on Wednesday, May 18th will be paid a $0.0363 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 9.19%. The ex-dividend date is Tuesday, May 17th.

Hedge funds have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. lifted its position in MFS Multimarket Income Trust by 25.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 27,074 shares of the closed-end fund’s stock valued at $144,000 after buying an additional 5,505 shares during the period. Landscape Capital Management L.L.C. purchased a new position in MFS Multimarket Income Trust during the first quarter valued at $288,000. Raymond James Financial Services Advisors Inc. lifted its position in MFS Multimarket Income Trust by 3.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 597,729 shares of the closed-end fund’s stock valued at $3,174,000 after buying an additional 20,571 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in MFS Multimarket Income Trust by 16.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 171,645 shares of the closed-end fund’s stock valued at $911,000 after buying an additional 23,746 shares during the period. Finally, Shaker Financial Services LLC purchased a new position in MFS Multimarket Income Trust during the first quarter valued at $1,676,000. 9.87% of the stock is owned by institutional investors.

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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