MFS Special Value Trust (NYSE:MFV) Sees Significant Decrease in Short Interest

MFS Special Value Trust (NYSE:MFV – Get Rating) saw a large decrease in short interest in April. As of April 30th, there was short interest totalling 16,700 shares, a decrease of 17.7% from the April 15th total of 20,300 shares. Based on an average daily trading volume, of 7,900 shares, the days-to-cover ratio is presently 2.1 days.

Several hedge funds and other institutional investors have recently made changes to their positions in MFV. AdvisorNet Financial Inc increased its holdings in MFS Special Value Trust by 3.4% during the 4th quarter. AdvisorNet Financial Inc now owns 63,419 shares of the closed-end fund’s stock worth $435,000 after acquiring an additional 2,087 shares during the period. Advisor Group Holdings Inc. raised its position in shares of MFS Special Value Trust by 33.0% in the third quarter. Advisor Group Holdings Inc. now owns 24,779 shares of the closed-end fund’s stock worth $165,000 after buying an additional 6,150 shares in the last quarter. NewEdge Advisors LLC boosted its stake in MFS Special Value Trust by 74.0% during the first quarter. NewEdge Advisors LLC now owns 34,310 shares of the closed-end fund’s stock valued at $218,000 after buying an additional 14,592 shares during the period. Finally, Stratos Wealth Partners LTD. purchased a new position in MFS Special Value Trust during the fourth quarter worth about $89,000. Institutional investors own 3.39% of the company’s stock.

MFV traded down $0.01 on Tuesday, hitting $5.45. The company’s stock had a trading volume of 1,447 shares, compared to its average volume of 6,986. MFS Special Value Trust has a 12 month low of $5.40 and a 12 month high of $7.18. The company’s 50 day simple moving average is $6.01 and its 200-day simple moving average is $6.37.

The business also recently announced a monthly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Wednesday, May 18th will be given a dividend of $0.0418 per share. The ex-dividend date of this dividend is Tuesday, May 17th. This represents a $0.50 annualized dividend and a dividend yield of 9.21%.

MFS Special Value Trust Company Profile (Get Rating)

MFS Special Value Trust is a closed-ended balanced mutual fund launched and managed by Massachusetts Financial Services Company The fund invests in the public equity and fixed income markets of the United States. It primarily invests in value stocks of companies operating across diversified sectors. The fund employs fundamental analysis and a bottom-up stock picking approach to create its portfolio.

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