MFS Multimarket Income Trust (NYSE:MMT) Sees Significant Decrease in Short Interest

MFS Multimarket Income Trust (NYSE:MMT - Get Free Report) was the target of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 16,100 shares, a decline of 56.6% from the January 31st total of 37,100 shares. Based on an average trading volume of 89,900 shares, the short-interest ratio is presently 0.2 days.

MFS Multimarket Income Trust Trading Up 0.4 %

Shares of MMT traded up $0.02 during midday trading on Tuesday, hitting $4.72. The stock had a trading volume of 29,094 shares, compared to its average volume of 80,225. MFS Multimarket Income Trust has a 1 year low of $4.43 and a 1 year high of $4.90. The stock's 50 day moving average is $4.66 and its 200 day moving average is $4.73.

MFS Multimarket Income Trust Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a dividend of $0.0334 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.50%. The ex-dividend date of this dividend was Tuesday, February 18th.

Hedge Funds Weigh In On MFS Multimarket Income Trust

Large investors have recently bought and sold shares of the business. Shaker Financial Services LLC lifted its position in shares of MFS Multimarket Income Trust by 13.1% during the third quarter. Shaker Financial Services LLC now owns 286,096 shares of the closed-end fund's stock worth $1,393,000 after purchasing an additional 33,239 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in MFS Multimarket Income Trust in the 3rd quarter worth about $85,000. Wolverine Asset Management LLC bought a new stake in MFS Multimarket Income Trust during the 3rd quarter valued at about $320,000. Kovitz Investment Group Partners LLC purchased a new stake in MFS Multimarket Income Trust in the 3rd quarter valued at about $103,000. Finally, Atomi Financial Group Inc. grew its stake in MFS Multimarket Income Trust by 6.8% in the 4th quarter. Atomi Financial Group Inc. now owns 59,447 shares of the closed-end fund's stock worth $279,000 after acquiring an additional 3,759 shares in the last quarter. Hedge funds and other institutional investors own 18.97% of the company's stock.

About MFS Multimarket Income Trust

MFS Multimarket Income Trust is a closed ended fixed income mutual fund launched and managed by MFS Investment Management, Inc The fund invests in the fixed income markets across the globe with greater emphasis on United States. It seeks to invest in fixed income securities issued by U.S. Government, foreign government, mortgage backed, and other asset-backed securities of U.S.