MFS Municipal Income Trust (NYSE:MFM – Get Free Report) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 25,700 shares, a drop of 59.3% from the September 30th total of 63,200 shares. Based on an average daily volume of 98,200 shares, the short-interest ratio is presently 0.3 days.
MFS Municipal Income Trust Stock Performance
NYSE MFM traded down $0.01 during trading hours on Friday, hitting $5.51. 113,217 shares of the company traded hands, compared to its average volume of 91,875. MFS Municipal Income Trust has a twelve month low of $4.37 and a twelve month high of $5.78. The business’s 50-day moving average is $5.66 and its 200-day moving average is $5.42.
MFS Municipal Income Trust Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.0215 per share. This represents a $0.26 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend is Tuesday, October 15th.
Institutional Trading of MFS Municipal Income Trust
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.
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