Short Interest in MFS Intermediate Income Trust (NYSE:MIN) Decreases By 26.0%

MFS Intermediate Income Trust (NYSE:MIN - Get Free Report) was the target of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 290,600 shares, a drop of 26.0% from the January 31st total of 392,800 shares. Based on an average daily trading volume, of 202,800 shares, the short-interest ratio is presently 1.4 days.

Institutional Investors Weigh In On MFS Intermediate Income Trust

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC purchased a new position in shares of MFS Intermediate Income Trust in the third quarter valued at approximately $92,000. Private Advisor Group LLC lifted its holdings in MFS Intermediate Income Trust by 47.1% during the 3rd quarter. Private Advisor Group LLC now owns 210,700 shares of the financial services provider's stock worth $573,000 after buying an additional 67,500 shares in the last quarter. Stephens Inc. AR boosted its position in MFS Intermediate Income Trust by 3.5% in the 4th quarter. Stephens Inc. AR now owns 119,555 shares of the financial services provider's stock valued at $318,000 after buying an additional 4,000 shares during the period. Kovitz Investment Group Partners LLC acquired a new position in shares of MFS Intermediate Income Trust in the third quarter worth $604,000. Finally, EP Wealth Advisors LLC increased its position in shares of MFS Intermediate Income Trust by 37.0% during the third quarter. EP Wealth Advisors LLC now owns 15,750 shares of the financial services provider's stock worth $43,000 after acquiring an additional 4,250 shares during the period. 50.90% of the stock is owned by institutional investors and hedge funds.

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MFS Intermediate Income Trust Stock Down 0.2 %

Shares of MIN stock traded down $0.01 during trading on Thursday, hitting $2.71. 1,145,099 shares of the stock traded hands, compared to its average volume of 179,995. MFS Intermediate Income Trust has a 52-week low of $2.56 and a 52-week high of $2.79. The firm's fifty day moving average price is $2.68 and its 200-day moving average price is $2.71.

MFS Intermediate Income Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.0196 per share. This represents a $0.24 dividend on an annualized basis and a yield of 8.71%. This is a boost from MFS Intermediate Income Trust's previous monthly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, March 18th.

About MFS Intermediate Income Trust

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.