MFS Multimarket Income Trust (NYSE:MMT) Short Interest Up 156.1% in March

MFS Multimarket Income Trust (NYSE:MMT - Get Free Report) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 35,600 shares, a growth of 156.1% from the February 28th total of 13,900 shares. Based on an average trading volume of 88,600 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

MFS Multimarket Income Trust Stock Up 0.2 %

Shares of NYSE:MMT traded up $0.01 on Monday, hitting $4.65. The stock had a trading volume of 290,006 shares, compared to its average volume of 85,770. The firm's 50 day moving average price is $4.67 and its 200-day moving average price is $4.71. MFS Multimarket Income Trust has a twelve month low of $4.43 and a twelve month high of $4.90.

MFS Multimarket Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.0337 per share. This represents a $0.40 annualized dividend and a yield of 8.69%. This is a boost from MFS Multimarket Income Trust's previous monthly dividend of $0.03. The ex-dividend date is Tuesday, March 18th.

Institutional Trading of MFS Multimarket Income Trust

Several hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in MFS Multimarket Income Trust during the 4th quarter worth approximately $3,922,000. 1607 Capital Partners LLC grew its holdings in shares of MFS Multimarket Income Trust by 84.7% during the fourth quarter. 1607 Capital Partners LLC now owns 366,188 shares of the closed-end fund's stock worth $1,717,000 after purchasing an additional 167,961 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of MFS Multimarket Income Trust by 33.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 367,292 shares of the closed-end fund's stock valued at $1,723,000 after buying an additional 92,815 shares in the last quarter. Northstar Financial Companies Inc. bought a new position in shares of MFS Multimarket Income Trust in the fourth quarter valued at about $265,000. Finally, Focus Partners Wealth bought a new position in shares of MFS Multimarket Income Trust in the fourth quarter valued at about $118,000. Institutional investors and hedge funds own 18.97% of the company's stock.

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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.