MFS Intermediate Income Trust (NYSE:MIN) sees sharp rise in short-term interest


MFS Intermediate Income Trust (NYSE: MIN – Get Rating) was the target of a sharp rise in short-term interest in March. As of March 31, there was short interest totaling 25,500 shares, an increase of 454.3% from the March 15 total of 4,600 shares. Based on an average trading volume of 412,000 shares, the day-to-cover ratio is currently 0.1 day.

Several large investors have recently changed their stock holdings. Rockefeller Capital Management LP increased its stake in MFS Intermediate Income Trust by 156.5% in the fourth quarter. Rockefeller Capital Management LP now owns 8,850 shares of the financial services provider valued at $31,000 after purchasing an additional 5,400 shares during the period. Pinnacle Wealth Planning Services Inc. acquired a new position in MFS Intermediate Income Trust in Q3 worth approximately $37,000. We Are One Seven LLC acquired a new position in MFS Intermediate Income Trust in Q3 worth approximately $39,000. Creative Planning acquired a new position in MFS Intermediate Income Trust in Q3 worth approximately $44,000. Finally, Park Avenue Securities LLC acquired a new position in MFS Intermediate Income Trust in Q3 valued at approximately $46,000. Institutional investors and hedge funds own 50.08% of the company’s shares.

NYSE:MIN shares opened at $3.12 on Wednesday. MFS Intermediate Income Trust has a 52-week low of $3.09 and a 52-week high of $3.74. The company has a 50-day moving average price of $3.20.

The company also recently declared a monthly dividend, which will be paid on Friday, April 29. Investors of record on Wednesday, April 20 will receive a dividend of $0.024. The ex-dividend date is Tuesday, April 19. This represents an annualized dividend of $0.29 and a dividend yield of 9.23%.

MFS Middle Income Trust Company Profile (Get an evaluation)

MFS Intermediate Income Trust is a closed-end, fixed-income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in bond markets worldwide. It invests primarily in debt securities. The fund seeks to compare the performance of its portfolio to that of Barclays Intermediate US

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