MFS Multimarket Income Trust (NYSE:MMT) Short Interest Up 57.7% in May

MFS Multimarket Income Trust (NYSE:MMT) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 168,700 shares, a growth of 57.7% from the May 15th total of 107,000 shares. Based on an average trading volume of 76,000 shares, the short-interest ratio is presently 2.2 days.

Institutional Trading of MFS Multimarket Income Trust

Large investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. lifted its stake in MFS Multimarket Income Trust by 8.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 647,674 shares of the closed-end fund’s stock worth $2,947,000 after acquiring an additional 51,158 shares during the period. Shaker Financial Services LLC lifted its stake in MFS Multimarket Income Trust by 3.6% in the fourth quarter. Shaker Financial Services LLC now owns 215,627 shares of the closed-end fund’s stock worth $981,000 after acquiring an additional 7,438 shares during the period. Wolverine Asset Management LLC lifted its stake in MFS Multimarket Income Trust by 91.2% in the fourth quarter. Wolverine Asset Management LLC now owns 110,720 shares of the closed-end fund’s stock worth $504,000 after acquiring an additional 52,812 shares during the period. Bey Douglas LLC purchased a new stake in MFS Multimarket Income Trust in the fourth quarter worth about $148,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in MFS Multimarket Income Trust by 1.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,021,142 shares of the closed-end fund’s stock worth $9,196,000 after acquiring an additional 22,600 shares during the period. 18.97% of the stock is owned by hedge funds and other institutional investors.

MFS Multimarket Income Trust Price Performance

Shares of MMT opened at $4.65 on Friday. MFS Multimarket Income Trust has a 12-month low of $4.04 and a 12-month high of $4.70. The firm has a fifty day moving average price of $4.59 and a 200-day moving average price of $4.58.

MFS Multimarket Income Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th will be paid a dividend of $0.034 per share. This is a positive change from MFS Multimarket Income Trust’s previous monthly dividend of $0.03. This represents a $0.41 dividend on an annualized basis and a dividend yield of 8.77%. The ex-dividend date is Tuesday, June 18th.

About MFS Multimarket Income Trust

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.