MFS Multimarket Income Trust (NYSE:MMT) Short Interest Down 13.7% in February

MFS Multimarket Income Trust (NYSE:MMT) was the recipient of a significant drop in short interest in February. As of February 28th, there was short interest totalling 13,900 shares, a drop of 13.7% from the February 13th total of 16,100 shares. Based on an average daily volume of 91,400 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On MFS Multimarket Income Trust

Several institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in MFS Multimarket Income Trust in the fourth quarter valued at approximately $49,000. Northstar Financial Companies Inc. acquired a new stake in MFS Multimarket Income Trust in the fourth quarter valued at approximately $265,000. Focus Partners Wealth acquired a new stake in MFS Multimarket Income Trust in the fourth quarter valued at approximately $118,000. Cetera Investment Advisers boosted its stake in MFS Multimarket Income Trust by 8.3% in the fourth quarter. Cetera Investment Advisers now owns 176,474 shares of the closed-end fund’s stock valued at $828,000 after acquiring an additional 13,507 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in MFS Multimarket Income Trust in the fourth quarter valued at approximately $68,000. 18.97% of the stock is currently owned by institutional investors and hedge funds.

MFS Multimarket Income Trust Price Performance

Shares of NYSE MMT traded up $0.01 during midday trading on Wednesday, reaching $4.62. 77,398 shares of the company’s stock traded hands, compared to its average volume of 79,420. The stock’s 50 day simple moving average is $4.66 and its 200-day simple moving average is $4.72. MFS Multimarket Income Trust has a one year low of $4.43 and a one year high of $4.90.

MFS Multimarket Income Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be paid a $0.0337 dividend. This represents a $0.40 annualized dividend and a yield of 8.76%. This is an increase from MFS Multimarket Income Trust’s previous monthly dividend of $0.03. The ex-dividend date is Tuesday, March 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.