MFS Municipal Income Trust (NYSE:MFM) Short Interest Up 176.4% in February

MFS Municipal Income Trust (NYSE:MFM) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 45,600 shares, an increase of 176.4% from the February 13th total of 16,500 shares. Based on an average daily volume of 106,500 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of MFS Municipal Income Trust

A number of hedge funds have recently bought and sold shares of MFM. Aviance Capital Partners LLC lifted its holdings in MFS Municipal Income Trust by 6.1% in the third quarter. Aviance Capital Partners LLC now owns 34,069 shares of the closed-end fund’s stock valued at $195,000 after acquiring an additional 1,945 shares during the period. MML Investors Services LLC grew its stake in MFS Municipal Income Trust by 5.9% during the 3rd quarter. MML Investors Services LLC now owns 39,303 shares of the closed-end fund’s stock worth $225,000 after buying an additional 2,206 shares during the last quarter. Cetera Investment Advisers grew its stake in MFS Municipal Income Trust by 12.8% during the 4th quarter. Cetera Investment Advisers now owns 22,341 shares of the closed-end fund’s stock worth $120,000 after buying an additional 2,536 shares during the last quarter. Avior Wealth Management LLC lifted its position in MFS Municipal Income Trust by 16.5% during the 3rd quarter. Avior Wealth Management LLC now owns 23,189 shares of the closed-end fund’s stock worth $133,000 after acquiring an additional 3,282 shares during the period. Finally, Logan Stone Capital LLC lifted its holdings in shares of MFS Municipal Income Trust by 1.3% in the 4th quarter. Logan Stone Capital LLC now owns 402,423 shares of the closed-end fund’s stock valued at $2,153,000 after buying an additional 5,244 shares during the period.

MFS Municipal Income Trust Price Performance

Shares of NYSE:MFM traded down $0.04 during trading on Friday, reaching $5.42. 106,343 shares of the stock were exchanged, compared to its average volume of 93,960. The stock has a fifty day moving average of $5.44 and a two-hundred day moving average of $5.54. MFS Municipal Income Trust has a 1-year low of $5.05 and a 1-year high of $5.78.

MFS Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be issued a $0.0215 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.26 annualized dividend and a dividend yield of 4.76%.

MFS Municipal Income Trust Company Profile

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.