MFS Multimarket Income Trust (NYSE:MMT) Short Interest Down 13.7% in February

MFS Multimarket Income Trust (NYSE:MMT - Get Free Report) was the target of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 13,900 shares, a decrease of 13.7% from the February 13th total of 16,100 shares. Based on an average daily volume of 91,400 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

MFS Multimarket Income Trust Trading Up 0.1 %

Shares of MFS Multimarket Income Trust stock traded up $0.01 during trading on Friday, reaching $4.63. 43,422 shares of the stock traded hands, compared to its average volume of 79,368. MFS Multimarket Income Trust has a 52-week low of $4.43 and a 52-week high of $4.90. The business has a fifty day simple moving average of $4.66 and a two-hundred day simple moving average of $4.72.

MFS Multimarket Income Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.0337 per share. This is an increase from MFS Multimarket Income Trust's previous monthly dividend of $0.03. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.74%. The ex-dividend date is Tuesday, March 18th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its position in MFS Multimarket Income Trust by 0.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,270,086 shares of the closed-end fund's stock worth $15,337,000 after buying an additional 18,751 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of MFS Multimarket Income Trust during the fourth quarter valued at $3,922,000. Invesco Ltd. lifted its stake in MFS Multimarket Income Trust by 2.6% in the fourth quarter. Invesco Ltd. now owns 692,046 shares of the closed-end fund's stock worth $3,246,000 after acquiring an additional 17,284 shares during the period. Janney Montgomery Scott LLC grew its holdings in MFS Multimarket Income Trust by 33.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 367,292 shares of the closed-end fund's stock worth $1,723,000 after acquiring an additional 92,815 shares in the last quarter. Finally, 1607 Capital Partners LLC increased its position in MFS Multimarket Income Trust by 84.7% during the 4th quarter. 1607 Capital Partners LLC now owns 366,188 shares of the closed-end fund's stock valued at $1,717,000 after purchasing an additional 167,961 shares during the period. 18.97% of the stock is owned by hedge funds and other institutional investors.

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MFS Multimarket Income Trust Company Profile

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.