MFS Intermediate Income Trust (NYSE:MIN) Short Interest Up 194.3% in December

MFS Intermediate Income Trust (NYSE:MIN) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 352,900 shares, an increase of 194.3% from the November 30th total of 119,900 shares. Based on an average daily volume of 217,400 shares, the days-to-cover ratio is presently 1.6 days.

MFS Intermediate Income Trust Price Performance

Shares of NYSE:MIN traded up $0.02 during midday trading on Thursday, reaching $2.67. 173,839 shares of the company’s stock were exchanged, compared to its average volume of 238,797. The company’s 50 day simple moving average is $2.70 and its two-hundred day simple moving average is $2.71. MFS Intermediate Income Trust has a 12 month low of $2.56 and a 12 month high of $2.85.

MFS Intermediate Income Trust Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.0198 per share. The ex-dividend date of this dividend is Tuesday, December 17th.

Institutional Investors Weigh In On MFS Intermediate Income Trust

Several large investors have recently modified their holdings of the stock. Ameritas Advisory Services LLC boosted its stake in shares of MFS Intermediate Income Trust by 37.6% in the 2nd quarter. Ameritas Advisory Services LLC now owns 232,640 shares of the financial services provider’s stock valued at $619,000 after purchasing an additional 63,582 shares in the last quarter. Shaker Financial Services LLC boosted its position in MFS Intermediate Income Trust by 30.6% in the second quarter. Shaker Financial Services LLC now owns 152,493 shares of the financial services provider’s stock valued at $406,000 after buying an additional 35,757 shares in the last quarter. Choreo LLC bought a new stake in MFS Intermediate Income Trust during the second quarter worth about $73,000. Sanctuary Advisors LLC acquired a new stake in shares of MFS Intermediate Income Trust during the second quarter worth approximately $62,000. Finally, Private Advisor Group LLC increased its holdings in shares of MFS Intermediate Income Trust by 47.1% during the third quarter. Private Advisor Group LLC now owns 210,700 shares of the financial services provider’s stock worth $573,000 after buying an additional 67,500 shares in the last quarter. 50.90% of the stock is currently owned by institutional investors.

MFS Intermediate Income Trust Company Profile

MFS Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets across the globe. It primarily invests in debt instruments. The fund seeks to benchmarks the performance of its portfolio against the Barclays Intermediate U.S.