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

MFS Charter Income Trust (NYSE:MCR) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 29,114 shares, an increase of 341.4% from the February 26th total of 6,596 shares. Based on an average trading volume of 94,766 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 94,766 shares, the days-to-cover ratio is presently 0.3 days.

MFS Charter Income Trust Price Performance

Shares of NYSE:MCR opened at $5.99 on Wednesday. MFS Charter Income Trust has a 52-week low of $5.57 and a 52-week high of $6.58. The business’s 50 day moving average is $6.21 and its 200 day moving average is $6.30.

MFS Charter Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.045 per share. This represents a c) annualized dividend and a yield of 9.0%. The ex-dividend date is Tuesday, March 17th.

Hedge Funds Weigh In On MFS Charter Income Trust

Large investors have recently bought and sold shares of the business. Sit Investment Associates Inc. increased its holdings in shares of MFS Charter Income Trust by 16.2% in the 4th quarter. Sit Investment Associates Inc. now owns 3,993,082 shares of the financial services provider’s stock valued at $25,037,000 after acquiring an additional 557,205 shares during the period. Riverbridge Partners LLC boosted its stake in MFS Charter Income Trust by 89.9% in the fourth quarter. Riverbridge Partners LLC now owns 193,336 shares of the financial services provider’s stock valued at $1,212,000 after acquiring an additional 91,541 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of MFS Charter Income Trust by 49.4% during the 4th quarter. Wells Fargo & Company MN now owns 210,837 shares of the financial services provider’s stock valued at $1,322,000 after purchasing an additional 69,758 shares during the last quarter. Pathstone Holdings LLC increased its position in MFS Charter Income Trust by 15.0% during the 3rd quarter. Pathstone Holdings LLC now owns 441,296 shares of the financial services provider’s stock valued at $2,833,000 after buying an additional 57,658 shares in the last quarter. Finally, GraniteShares Advisors LLC boosted its holdings in MFS Charter Income Trust by 9.7% in the third quarter. GraniteShares Advisors LLC now owns 480,950 shares of the financial services provider’s stock worth $3,088,000 after acquiring an additional 42,364 shares in the last quarter.

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.