MFS Multimarket Income Trust (NYSE:MMT) Sees Large Drop in Short Interest

Posted by Stacy Sanders on Mar 1st, 2025

MFS Multimarket Income Trust (NYSE:MMT – Get Free Report) was the recipient of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 16,100 shares, a decline of 56.6% from the January 31st total of 37,100 shares. Based on an average daily volume of 89,900 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On MFS Multimarket Income Trust

A number of institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new stake in MFS Multimarket Income Trust during the 4th quarter worth approximately $68,000. Broadway Wealth Solutions Inc. acquired a new stake in shares of MFS Multimarket Income Trust in the fourth quarter worth $70,000. Schwarz Dygos Wheeler Investment Advisors LLC purchased a new position in shares of MFS Multimarket Income Trust in the 4th quarter valued at $72,000. Ashton Thomas Securities LLC acquired a new position in shares of MFS Multimarket Income Trust during the 3rd quarter valued at $85,000. Finally, Kovitz Investment Group Partners LLC purchased a new stake in MFS Multimarket Income Trust during the 3rd quarter worth $103,000. Hedge funds and other institutional investors own 18.97% of the company’s stock.

MFS Multimarket Income Trust Stock Up 0.1 %

NYSE:MMT opened at $4.68 on Friday. The firm’s 50 day moving average is $4.66 and its two-hundred day moving average is $4.73. MFS Multimarket Income Trust has a fifty-two week low of $4.43 and a fifty-two week high of $4.90.

MFS Multimarket Income Trust Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a $0.0334 dividend. This represents a $0.40 annualized dividend and a dividend yield of 8.58%. The ex-dividend date was Tuesday, February 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.