Short Interest in MFS Municipal Income Trust (NYSE:MFM) Decreases By 62.3%

MFS Municipal Income Trust (NYSE:MFM) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 20,000 shares, a decline of 62.3% from the November 30th total of 53,100 shares. Based on an average trading volume of 107,400 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MFM. Rothschild Investment LLC acquired a new stake in shares of MFS Municipal Income Trust in the 2nd quarter valued at about $317,000. Van ECK Associates Corp lifted its holdings in MFS Municipal Income Trust by 3.6% during the 2nd quarter. Van ECK Associates Corp now owns 338,536 shares of the closed-end fund’s stock worth $1,848,000 after buying an additional 11,835 shares during the last quarter. Wolverine Asset Management LLC grew its position in shares of MFS Municipal Income Trust by 78.0% in the 2nd quarter. Wolverine Asset Management LLC now owns 43,996 shares of the closed-end fund’s stock worth $240,000 after acquiring an additional 19,278 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in shares of MFS Municipal Income Trust by 19.4% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 15,401 shares of the closed-end fund’s stock valued at $84,000 after acquiring an additional 2,501 shares during the last quarter. Finally, Choreo LLC raised its position in shares of MFS Municipal Income Trust by 5.0% during the 2nd quarter. Choreo LLC now owns 85,486 shares of the closed-end fund’s stock valued at $456,000 after acquiring an additional 4,078 shares in the last quarter.

MFS Municipal Income Trust Stock Up 0.8 %

MFS Municipal Income Trust stock traded up $0.04 during trading hours on Thursday, hitting $5.36. The stock had a trading volume of 106,628 shares, compared to its average volume of 94,228. The stock’s fifty day moving average is $5.57 and its two-hundred day moving average is $5.53. MFS Municipal Income Trust has a 1-year low of $5.05 and a 1-year high of $5.78.

MFS Municipal Income Trust Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a $0.0215 dividend. The ex-dividend date of this dividend is Tuesday, December 17th.

MFS Municipal Income Trust Company Profile

MFS Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.