MFS Intermediate Income Trust (NYSE:MIN) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

MFS Intermediate Income Trust (NYSE:MIN)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.68 and traded as low as $2.65. MFS Intermediate Income Trust shares last traded at $2.67, with a volume of 154,964 shares traded.

MFS Intermediate Income Trust Stock Performance

The company has a 50 day moving average of $2.67 and a two-hundred day moving average of $2.68.

MFS Intermediate Income Trust Announces Dividend

The firm also recently announced a — dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be paid a dividend of $0.0195 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a yield of 8.9%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC purchased a new position in MFS Intermediate Income Trust during the 1st quarter worth $40,000. EP Wealth Advisors LLC purchased a new position in MFS Intermediate Income Trust during the 1st quarter worth $42,000. Advisory Services Network LLC purchased a new position in MFS Intermediate Income Trust during the 4th quarter worth $45,000. XTX Topco Ltd purchased a new position in MFS Intermediate Income Trust during the 4th quarter worth $67,000. Finally, Citadel Advisors LLC grew its stake in MFS Intermediate Income Trust by 17.0% during the 4th quarter. Citadel Advisors LLC now owns 29,664 shares of the financial services provider’s stock worth $79,000 after buying an additional 4,310 shares during the last quarter. 50.90% of the stock is currently owned by hedge funds and other institutional investors.

MFS Intermediate Income Trust Company Profile

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.