MFS Multimarket Income Trust Sees Significant Decline in Short Interest

MFS Multimarket Income Trust (NYSE:MMT) experienced a notable reduction in short interest during February. By the end of the month, on February 28th, the total short interest fell to 13,900 shares, showing a decline of 13.7% from the 16,100 shares recorded on February 13th. At present, there are virtually no shares (0.0%) of the company sold short. Considering the average daily trading volume of 91,400 shares, the current days-to-cover ratio is approximately 0.2 days.

MFS Multimarket Income Trust Stock Performance

The MMT stock opened at $4.61 on Thursday. The company’s stock has a fifty-day moving average price of $4.66 and a 200-day moving average price of $4.72. Over the past year, MFS Multimarket Income Trust reached a low of $4.43 and a high of $4.90.

Recent Dividend Increase

Recently, MFS Multimarket Income Trust announced a monthly dividend, which is set to be paid on Monday, March 31st. Shareholders on record as of Tuesday, March 18th, will receive a dividend of $0.0337. This amounts to an annualized dividend of $0.40, translating to a yield of 8.78%. This new dividend reflects an increase from the previous monthly dividend of $0.03. The ex-dividend date is also on Tuesday, March 18th.

Institutional Investment Activity

Several institutional investors and hedge funds have recently adjusted their positions in MFS Multimarket Income Trust. Atomi Financial Group Inc. increased its stake by 6.8% in the fourth quarter, owning 59,447 shares valued at $279,000 after acquiring an additional 3,759 shares. Similarly, Commonwealth Equity Services LLC boosted its holdings by 4.0%, owning 183,356 shares now valued at $860,000 following a purchase of 7,055 shares. Wealth Enhancement Advisory Services LLC took a new position valued at $49,000, and Cetera Investment Advisers enhanced their stake by 8.3%, currently holding 176,474 shares valued at $828,000. Furthermore, Citadel Advisors LLC also acquired a new stake during the fourth quarter for $68,000. Overall, institutional investors and hedge funds currently comprise 18.97% of the total shares of the company.

About MFS Multimarket Income Trust

MFS Multimarket Income Trust is a closed-end fixed income mutual fund that is managed by MFS Investment Management, Inc. The fund primarily invests in various fixed income markets worldwide, with a focus on securities issued by the United States government and foreign governments, including mortgage-backed and other asset-backed securities.

Investment Considerations

Before making any investment decisions regarding MFS Multimarket Income Trust, it's recommended to gather insights from top analysts and their recommendations. While MFS Multimarket Income Trust holds a Hold rating among analysts, there are other stocks that are currently favored more highly. It’s advisable to research and compare potential investments before proceeding.

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