MFS Charter Income Trust (NYSE:MCR) Sees Significant Increase in Short Interest

MFS Charter Income Trust (NYSE:MCR) was the target of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 102,500 shares, a growth of 24.7% from the May 15th total of 82,200 shares. Based on an average daily volume of 68,700 shares, the short-interest ratio is currently 1.5 days.

Institutional Investors Weigh In On MFS Charter Income Trust

Several hedge funds have recently bought and sold shares of the stock. Stonebridge Financial Planning Group LLC lifted its position in MFS Charter Income Trust by 8.5% during the fourth quarter. Stonebridge Financial Planning Group LLC now owns 52,933 shares of the financial services provider’s stock worth $338,000 after acquiring an additional 4,142 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in MFS Charter Income Trust by 3.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 126,218 shares of the financial services provider’s stock worth $805,000 after acquiring an additional 4,747 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in MFS Charter Income Trust during the first quarter worth approximately $34,000. Ashton Thomas Securities LLC lifted its position in MFS Charter Income Trust by 19.9% during the fourth quarter. Ashton Thomas Securities LLC now owns 53,650 shares of the financial services provider’s stock worth $342,000 after acquiring an additional 8,900 shares during the last quarter. Finally, Riverbridge Partners LLC lifted its position in MFS Charter Income Trust by 11.0% during the first quarter. Riverbridge Partners LLC now owns 95,929 shares of the financial services provider’s stock worth $601,000 after acquiring an additional 9,533 shares during the last quarter.

MFS Charter Income Trust Trading Up 0.1%

Shares of NYSE:MCR opened at $6.27 on Friday. MFS Charter Income Trust has a 52-week low of $5.57 and a 52-week high of $6.58. The company has a 50-day simple moving average of $6.22 and a 200 day simple moving average of $6.27.

MFS Charter Income Trust Announces Dividend

The company also recently announced a — dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be paid a $0.0442 dividend. The ex-dividend date is Tuesday, June 17th. This represents a yield of 8.6%.

About MFS Charter Income Trust

MFS Charter Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets across the globe. It invests primarily in corporate bonds of U.S. or foreign issuers, U.S. Government securities, foreign government securities, mortgage-backed, and other asset-backed securities of U.S.