Short Interest in MFS Multimarket Income Trust (NYSE:MMT) Declines By 36.0%

MFS Multimarket Income Trust (NYSE:MMT) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 79,600 shares, a drop of 36.0% from the July 15th total of 124,300 shares. Based on an average daily trading volume, of 76,200 shares, the short-interest ratio is presently 1.0 days.

MFS Multimarket Income Trust Trading Down 0.2 %

NYSE:MMT traded down $0.01 on Tuesday, hitting $4.73. The stock had a trading volume of 32,590 shares, compared to its average volume of 78,075. The business’s 50-day simple moving average is $4.69 and its two-hundred day simple moving average is $4.63. MFS Multimarket Income Trust has a 52-week low of $4.04 and a 52-week high of $4.82.

MFS Multimarket Income Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Tuesday, August 13th will be given a $0.034 dividend. This represents a $0.41 annualized dividend and a yield of 8.63%. This is a boost from MFS Multimarket Income Trust’s previous monthly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, August 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MMT. Janney Montgomery Scott LLC lifted its position in shares of MFS Multimarket Income Trust by 1.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 283,337 shares of the closed-end fund’s stock valued at $1,312,000 after buying an additional 5,095 shares in the last quarter. Shaker Financial Services LLC lifted its position in shares of MFS Multimarket Income Trust by 3.6% during the 4th quarter. Shaker Financial Services LLC now owns 215,627 shares of the closed-end fund’s stock valued at $981,000 after buying an additional 7,438 shares in the last quarter. Atomi Financial Group Inc. lifted its position in shares of MFS Multimarket Income Trust by 19.5% during the 2nd 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 in the last quarter. WealthTrust Axiom LLC purchased a new position in shares of MFS Multimarket Income Trust during the 4th quarter valued at about $48,000. Finally, Commonwealth Equity Services LLC lifted its position in shares of MFS Multimarket Income Trust by 11.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 136,111 shares of the closed-end fund’s stock valued at $630,000 after buying an additional 13,565 shares in the last quarter. 18.97% of the stock is owned by hedge funds and other institutional investors.

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.