MFS Intermediate Income Trust (NYSE:MIN) Sees Significant Decrease in Short Interest

MFS Intermediate Income Trust (NYSE:MIN) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 290,600 shares, a drop of 26.0% from the January 31st total of 392,800 shares. Based on an average daily trading volume, of 202,800 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Trading of MFS Intermediate Income Trust

A number of hedge funds and other institutional investors have recently modified their holdings of MIN. Stephens Inc. AR boosted its stake in MFS Intermediate Income Trust by 3.5% in the fourth quarter. Stephens Inc. AR now owns 119,555 shares of the financial services provider’s stock valued at $318,000 after acquiring an additional 4,000 shares during the period. EP Wealth Advisors LLC lifted its position in MFS Intermediate Income Trust by 37.0% in the third quarter. EP Wealth Advisors LLC now owns 15,750 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 4,250 shares during the period. Citadel Advisors LLC lifted its position in MFS Intermediate Income Trust by 17.0% in the fourth quarter. Citadel Advisors LLC now owns 29,664 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 4,310 shares during the period. Invesco Ltd. lifted its position in shares of MFS Intermediate Income Trust by 0.9% during the 4th quarter. Invesco Ltd. now owns 1,113,847 shares of the financial services provider’s stock valued at $2,963,000 after acquiring an additional 9,837 shares during the last quarter. Finally, Westfuller Advisors LLC acquired a new stake in shares of MFS Intermediate Income Trust during the 3rd quarter valued at $28,000. 50.90% of the stock is owned by hedge funds and other institutional investors.

MFS Intermediate Income Trust Trading Down 0.6 %

Shares of MIN traded down $0.02 during trading hours on Tuesday, hitting $2.71. The stock had a trading volume of 80,724 shares, compared to its average volume of 156,832. The company’s fifty day simple moving average is $2.68 and its 200 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 $2.79.

MFS Intermediate Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.0196 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 8.71%. This is a positive change from MFS Intermediate Income Trust’s previous monthly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, March 18th.

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.