MFS Multimarket Income Trust (NYSE:MMT - Get Free Report) was the target of a large decrease in short interest in 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 91,400 shares, the short-interest ratio is presently 0.2 days.
Hedge Funds Weigh In On MFS Multimarket Income Trust
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in MFS Multimarket Income Trust in the fourth quarter valued at $3,922,000. 1607 Capital Partners LLC increased its stake in shares of MFS Multimarket Income Trust by 84.7% in the fourth quarter. 1607 Capital Partners LLC now owns 366,188 shares of the closed-end fund's stock valued at $1,717,000 after buying an additional 167,961 shares during the period. 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 during the period. Northstar Financial Companies Inc. bought a new position in shares of MFS Multimarket Income Trust during the fourth quarter worth about $265,000. Finally, Focus Partners Wealth acquired a new position in shares of MFS Multimarket Income Trust in the fourth quarter worth approximately $118,000. 18.97% of the stock is currently owned by institutional investors and hedge funds.
MFS Multimarket Income Trust Stock Performance
Shares of MMT stock traded up $0.03 during mid-day trading on Monday, reaching $4.66. 143,404 shares of the stock traded hands, compared to its average volume of 79,625. The stock's fifty day simple moving average is $4.66 and its two-hundred day simple moving average is $4.72. MFS Multimarket Income Trust has a 1-year low of $4.43 and a 1-year high of $4.90.
MFS Multimarket Income Trust Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.0337 per share. This represents a $0.40 dividend on an annualized basis and a yield of 8.68%. This is a positive change from MFS Multimarket Income Trust's previous monthly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, March 18th.
About MFS Multimarket Income Trust
(
Get Free Report)
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.
See Also
Before you consider MFS Multimarket Income Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MFS Multimarket Income Trust wasn't on the list.
While MFS Multimarket Income Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
