MFS Intermediate Income Trust (NYSE:MIN) Short Interest Up 16.0% in February

MFS Intermediate Income Trust (NYSE:MIN) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 337,200 shares, a growth of 16.0% from the February 13th total of 290,600 shares. Based on an average daily trading volume, of 203,600 shares, the short-interest ratio is presently 1.7 days. Currently, 0.3% of the company’s stock are sold short.

MFS Intermediate Income Trust Stock Down 0.2 %

MFS Intermediate Income Trust stock traded down $0.01 during mid-day trading on Thursday, reaching $2.69. 67,245 shares of the company were exchanged, compared to its average volume of 178,486. The business has a fifty day moving average of $2.69 and a 200 day moving average of $2.70. 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 business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be given a dividend of $0.0196 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.24 dividend on an annualized basis and a yield of 8.78%. This is an increase from MFS Intermediate Income Trust’s previous monthly dividend of $0.02.

Hedge Funds Weigh In On MFS Intermediate Income Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in MIN. Jane Street Group LLC bought a new stake in shares of MFS Intermediate Income Trust in the 3rd quarter valued at about $92,000. 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 in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in MFS Intermediate Income Trust in the third quarter valued at approximately $604,000. EP Wealth Advisors LLC grew its holdings 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 last quarter. Finally, Transform Wealth LLC acquired a new position in shares of MFS Intermediate Income Trust during the fourth quarter worth $535,000. Hedge funds and other institutional investors own 50.90% of the company’s stock.

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.