Short Interest in MFS Intermediate Income Trust (NYSE:MIN) Increases By 16.0%

MFS Intermediate Income Trust (NYSE:MIN - Get Free Report) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 337,200 shares, a growth of 16.0% from the February 13th total of 290,600 shares. Based on an average daily trading volume, of 203,600 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.3% of the shares of the stock are sold short.

MFS Intermediate Income Trust Stock Performance

Shares of MFS Intermediate Income Trust stock remained flat at $2.69 on Friday. The stock had a trading volume of 166,965 shares, compared to its average volume of 209,958. The firm's 50-day simple moving average is $2.69 and its 200-day simple moving average is $2.70. MFS Intermediate Income Trust has a 12-month low of $2.56 and a 12-month high of $2.79.

MFS Intermediate 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 paid a $0.0196 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.24 annualized dividend and a dividend yield of 8.76%. This is an increase from MFS Intermediate Income Trust's previous monthly dividend of $0.02.

Hedge Funds Weigh In On MFS Intermediate Income Trust

A number of large investors have recently made changes to their positions in the company. Sit Investment Associates Inc. lifted its stake in MFS Intermediate Income Trust by 6.7% in the fourth quarter. Sit Investment Associates Inc. now owns 24,232,895 shares of the financial services provider's stock worth $64,460,000 after purchasing an additional 1,523,468 shares during the last quarter. 1607 Capital Partners LLC lifted its stake in shares of MFS Intermediate Income Trust by 36.5% during the 4th quarter. 1607 Capital Partners LLC now owns 7,575,555 shares of the financial services provider's stock worth $20,151,000 after acquiring an additional 2,024,362 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in MFS Intermediate Income Trust by 5.8% during the 4th quarter. Ameriprise Financial Inc. now owns 1,759,098 shares of the financial services provider's stock valued at $4,679,000 after acquiring an additional 96,198 shares during the period. Invesco Ltd. grew its position in MFS Intermediate Income Trust by 0.9% in the 4th quarter. Invesco Ltd. now owns 1,113,847 shares of the financial services provider's stock valued at $2,963,000 after acquiring an additional 9,837 shares during the last quarter. Finally, LPL Financial LLC grew its position in MFS Intermediate Income Trust by 10.9% in the 4th quarter. LPL Financial LLC now owns 407,475 shares of the financial services provider's stock valued at $1,084,000 after acquiring an additional 39,954 shares during the last quarter. 50.90% of the stock is owned by hedge funds and other institutional investors.

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MFS Intermediate Income Trust Company Profile

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.