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

MFS Multimarket Income Trust (NYSE:MMT - Get Free Report) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 60,200 shares, an increase of 312.3% from the September 30th total of 14,600 shares. Based on an average trading volume of 67,900 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC raised its stake in MFS Multimarket Income Trust by 1.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 283,337 shares of the closed-end fund's stock worth $1,312,000 after acquiring an additional 5,095 shares during the last quarter. Atomi Financial Group Inc. boosted its position in MFS Multimarket Income Trust by 19.5% in the second quarter. Atomi Financial Group Inc. now owns 55,809 shares of the closed-end fund's stock valued at $261,000 after buying an additional 9,110 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in MFS Multimarket Income Trust by 11.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 136,111 shares of the closed-end fund's stock worth $630,000 after buying an additional 13,565 shares during the period. Shaker Financial Services LLC raised its position in MFS Multimarket Income Trust by 9.7% during the 2nd quarter. Shaker Financial Services LLC now owns 252,857 shares of the closed-end fund's stock worth $1,183,000 after buying an additional 22,331 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in MFS Multimarket Income Trust by 17.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,375,580 shares of the closed-end fund's stock valued at $10,999,000 after acquiring an additional 354,438 shares during the period. Hedge funds and other institutional investors own 18.97% of the company's stock.

MFS Multimarket Income Trust Stock Performance

Shares of MMT stock remained flat at $4.75 during trading hours on Friday. The stock had a trading volume of 37,052 shares, compared to its average volume of 74,136. The firm has a 50-day moving average price of $4.82 and a two-hundred day moving average price of $4.70. MFS Multimarket Income Trust has a 1-year low of $4.12 and a 1-year high of $4.90.

MFS Multimarket Income Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.0346 per share. This represents a $0.41 annualized dividend and a yield of 8.74%. The ex-dividend date of this dividend is Tuesday, October 15th. This is an increase from MFS Multimarket Income Trust's previous monthly dividend of $0.03.

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.

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