MFS Municipal Income Trust (NYSE:MFM) Short Interest Down 22.9% in February

Posted by Lindsey Winhoffer on Mar 6th, 2025

MFS Municipal Income Trust (NYSE:MFM – Get Free Report) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 16,500 shares, a decrease of 22.9% from the January 31st total of 21,400 shares. Based on an average trading volume of 108,600 shares, the days-to-cover ratio is currently 0.2 days.

MFS Municipal Income Trust Stock Down 0.6 %

MFM traded down $0.04 during mid-day trading on Thursday, reaching $5.53. The stock had a trading volume of 3,936 shares, compared to its average volume of 92,186. MFS Municipal Income Trust has a 52 week low of $5.05 and a 52 week high of $5.78. The firm’s fifty day simple moving average is $5.43 and its two-hundred day simple moving average is $5.55.

MFS Municipal Income Trust Dividend Announcement

The firm 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 $0.0215 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.26 dividend on an annualized basis and a yield of 4.67%.

Institutional Investors Weigh In On MFS Municipal Income Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Waverly Advisors LLC bought a new position in shares of MFS Municipal Income Trust during the fourth quarter worth $54,000. Amarillo National Bank bought a new position in MFS Municipal Income Trust during the fourth quarter worth about $62,000. Avantax Advisory Services Inc. acquired a new position in MFS Municipal Income Trust in the fourth quarter valued at about $69,000. Landscape Capital Management L.L.C. acquired a new position in MFS Municipal Income Trust in the fourth quarter valued at about $70,000. Finally, Jane Street Group LLC acquired a new position in MFS Municipal Income Trust in the fourth quarter valued at about $79,000.

MFS Municipal Income Trust Company Profile

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MFS Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.