MFS Municipal Income Trust (NYSE:MFM) Short Interest Update

MFS Municipal Income Trust (NYSE:MFM) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 25,100 shares, a drop of 22.0% from the March 31st total of 32,200 shares. Based on an average daily volume of 92,000 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On MFS Municipal Income Trust

Several hedge funds and other institutional investors have recently bought and sold shares of MFM. Raymond James Financial Services Advisors Inc. increased its holdings in shares of MFS Municipal Income Trust by 9.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 30,652 shares of the closed-end fund’s stock valued at $158,000 after buying an additional 2,571 shares in the last quarter. Drive Wealth Management LLC increased its stake in MFS Municipal Income Trust by 16.1% in the 4th quarter. Drive Wealth Management LLC now owns 21,600 shares of the closed-end fund’s stock worth $112,000 after purchasing an additional 3,000 shares in the last quarter. Edmonds Duncan Registered Investment Advisors LLC raised its holdings in MFS Municipal Income Trust by 1.6% during the 4th quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 213,349 shares of the closed-end fund’s stock worth $1,103,000 after buying an additional 3,273 shares during the period. Chicago Partners Investment Group LLC lifted its stake in MFS Municipal Income Trust by 26.1% during the fourth quarter. Chicago Partners Investment Group LLC now owns 25,237 shares of the closed-end fund’s stock valued at $130,000 after buying an additional 5,216 shares in the last quarter. Finally, Landscape Capital Management L.L.C. boosted its holdings in shares of MFS Municipal Income Trust by 44.2% in the third quarter. Landscape Capital Management L.L.C. now owns 18,278 shares of the closed-end fund’s stock worth $83,000 after buying an additional 5,599 shares during the period.

MFS Municipal Income Trust Stock Up 0.3 %

MFS Municipal Income Trust stock traded up $0.01 during trading hours on Friday, hitting $5.08. 57,073 shares of the company traded hands, compared to its average volume of 73,522. MFS Municipal Income Trust has a 1-year low of $4.37 and a 1-year high of $5.48. The firm’s 50-day simple moving average is $5.25 and its two-hundred day simple moving average is $5.08.

MFS Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 17th will be given a dividend of $0.0205 per share. This represents a $0.25 annualized dividend and a dividend yield of 4.84%. The ex-dividend date of this dividend is Tuesday, April 16th.

About MFS Municipal Income Trust

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.