MFS Charter Income Trust (NYSE:MCR) Short Interest Update

MFS Charter Income Trust (NYSE:MCR) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 58,998 shares, a growth of 24.6% from the November 30th total of 47,336 shares. Based on an average daily volume of 47,936 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 47,936 shares, the short-interest ratio is presently 1.2 days.

MFS Charter Income Trust Stock Down 0.6%

Shares of MCR opened at $6.25 on Friday. MFS Charter Income Trust has a 12 month low of $5.57 and a 12 month high of $6.58. The firm’s 50 day moving average is $6.32 and its 200-day moving average is $6.35.

MFS Charter Income Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were paid a dividend of $0.0449 per share. This represents a c) dividend on an annualized basis and a yield of 8.6%. The ex-dividend date was Tuesday, December 16th.

Institutional Trading of MFS Charter Income Trust

Several large investors have recently modified their holdings of MCR. Geneos Wealth Management Inc. acquired a new position in MFS Charter Income Trust in the first quarter valued at about $34,000. B. Riley Wealth Advisors Inc. bought a new position in MFS Charter Income Trust in the 2nd quarter valued at about $70,000. International Assets Investment Management LLC acquired a new position in shares of MFS Charter Income Trust in the 2nd quarter valued at approximately $74,000. Susquehanna International Group LLP acquired a new position in shares of MFS Charter Income Trust in the 3rd quarter valued at approximately $117,000. Finally, Benjamin Edwards Inc. bought a new stake in shares of MFS Charter Income Trust during the 3rd quarter worth approximately $230,000.

MFS Charter Income Trust Company Profile

MFS Charter Income Trust (NYSE: MCR) is a diversified, closed-end management investment company organized in 1987. As part of the MFS Investment Management family, the Trust seeks to provide its shareholders with high current income and preservation of capital. The fund’s shares trade on the New York Stock Exchange, offering investors access to a managed portfolio of income-oriented securities within a single, publicly listed vehicle.

The fund primarily invests in a broad mix of preferred stocks, convertible securities and high-yield corporate bonds.