MFS Intermediate Income Trust (NYSE:MIN) Short Interest Up 84.8% in April

MFS Intermediate Income Trust (NYSE:MINGet Rating) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 8,500 shares, a growth of 84.8% from the April 15th total of 4,600 shares. Based on an average daily volume of 398,200 shares, the days-to-cover ratio is presently 0.0 days.

Several hedge funds and other institutional investors have recently modified their holdings of MIN. Rockefeller Capital Management L.P. boosted its position in shares of 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 buying an additional 5,400 shares during the period. Cetera Advisor Networks LLC acquired a new position in shares of MFS Intermediate Income Trust during the first quarter worth approximately $38,000. Creative Planning acquired a new position in shares of MFS Intermediate Income Trust during the third quarter worth approximately $44,000. Moors & Cabot Inc. acquired a new position in shares of MFS Intermediate Income Trust during the third quarter worth approximately $51,000. Finally, LPL Financial LLC lifted its position in MFS Intermediate Income Trust by 16.6% in the fourth quarter. LPL Financial LLC now owns 21,448 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 3,060 shares during the period. Institutional investors and hedge funds own 45.43% of the company’s stock.

NYSE:MIN opened at $3.02 on Friday. The stock has a 50 day moving average of $3.09 and a 200-day moving average of $3.35. MFS Intermediate Income Trust has a 52 week low of $2.95 and a 52 week high of $3.74.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Wednesday, May 18th will be given a dividend of $0.0233 per share. The ex-dividend date of this dividend is Tuesday, May 17th. This represents a $0.28 annualized dividend and a dividend yield of 9.29%.

MFS Intermediate Income Trust Company Profile (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.

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