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

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

MFS Multimarket Income Trust Stock Up 0.1 %

Shares of MMT opened at $4.62 on Friday. MFS Multimarket Income Trust has a 12 month low of $4.43 and a 12 month high of $4.90. The firm’s 50 day moving average is $4.66 and its 200-day moving average is $4.72.

MFS Multimarket Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.0337 per share. This represents a $0.40 dividend on an annualized basis 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.

Institutional Trading of MFS Multimarket Income Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Kovitz Investment Group Partners LLC acquired a new position in shares of MFS Multimarket Income Trust during the 3rd quarter worth $103,000. Atomi Financial Group Inc. boosted its position in MFS Multimarket Income Trust by 6.8% in the fourth quarter. Atomi Financial Group Inc. now owns 59,447 shares of the closed-end fund’s stock valued at $279,000 after buying an additional 3,759 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of MFS Multimarket Income Trust by 33.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 367,292 shares of the closed-end fund’s stock worth $1,723,000 after buying an additional 92,815 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of MFS Multimarket Income Trust by 0.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,270,086 shares of the closed-end fund’s stock worth $15,337,000 after buying an additional 18,751 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of MFS Multimarket Income Trust in the 4th quarter valued at $3,922,000. Institutional investors own 18.97% of the company’s stock.

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.