MFS Multimarket Income Trust (NYSE:MMT) Sees Significant Growth in Short Interest

MFS Multimarket Income Trust (NYSE:MMT - Get Free Report) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 97,729 shares, a growth of 63.5% from the January 29th total of 59,766 shares. Based on an average daily trading volume, of 73,507 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.2% of the shares of the stock are sold short. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 73,507 shares, the days-to-cover ratio is presently 1.3 days.MFS Multimarket Income Trust Stock PerformanceMMT traded up $0.01 during trading on Friday, hitting $4.71. 105,274 shares of the company traded hands, compared to its average volume of 68,372. The stock's 50-day simple moving average is $4.70 and its two-hundred day simple moving average is $4.72. MFS Multimarket Income Trust has a 1 year low of $4.31 and a 1 year high of $4.87. MFS Multimarket Income Trust Increases DividendThe company also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were issued a $0.0338 dividend. This represents a c) annualized dividend and a dividend yield of 8.6%. This is a positive change from MFS Multimarket Income Trust's previous monthly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, February 17th. Institutional Trading of MFS Multimarket Income TrustA number of large investors have recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new position in shares of MFS Multimarket Income Trust in the second quarter valued at $176,000. Sit Investment Associates Inc. lifted its position in MFS Multimarket Income Trust by 127.2% during the fourth quarter. Sit Investment Associates Inc. now owns 642,159 shares of the closed-end fund's stock valued at $2,986,000 after purchasing an additional 359,502 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of MFS Multimarket Income Trust by 1,594.8% in the 4th quarter. Global Retirement Partners LLC now owns 33,896 shares of the closed-end fund's stock worth $158,000 after buying an additional 31,896 shares in the last quarter. M3 Wealth Management LLC bought a new stake in shares of MFS Multimarket Income Trust in the 4th quarter worth about $253,000. Finally, Ashton Thomas Securities LLC increased its holdings in shares of MFS Multimarket Income Trust by 34.7% in the 4th quarter. Ashton Thomas Securities LLC now owns 50,500 shares of the closed-end fund's stock worth $235,000 after buying an additional 13,000 shares during the last quarter. Institutional investors own 18.97% of the company's stock. MFS Multimarket Income Trust Company Profile (Get Free Report)MFS Multimarket Income Trust NYSE: MMT is a closed-end management investment company that seeks to provide high current income through investments in a diversified global portfolio of income-producing securities. Launched in 1987, the trust is managed by MFS Investment Management, a Boston-based asset manager with roots dating back to 1924. MFS Investment Management acts as the investment adviser and leverages its multi-asset research capabilities to build and monitor MMT’s portfolio on behalf of shareholders. The trust’s principal investment activities encompass a broad range of fixed-income and equity-related instruments.Recommended StoriesFive stocks we like better than MFS Multimarket Income TrustMAJOR BUY ALERT: Mar-a-Lago/Trump/ElonYour name isn't on our protected list yet“Fed Proof” Your Bank Account with THESE 4 Simple StepsElon Musk already made me a “wealthy man”The Biggest IPO Ever… Open to Everyday FolksThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in MFS Multimarket Income Trust Right Now?Before you consider MFS Multimarket Income Trust, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MFS Multimarket Income Trust wasn't on the list.While MFS Multimarket Income Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here