Short Interest in MFS Intermediate Income Trust (NYSE:MIN) Rises By 31.2%

MFS Intermediate Income Trust (NYSE:MIN) saw a large increase in short interest in October. As of October 15th, there was short interest totalling 70,200 shares, an increase of 31.2% from the September 30th total of 53,500 shares. Based on an average daily trading volume, of 179,300 shares, the days-to-cover ratio is currently 0.4 days.

MFS Intermediate Income Trust Stock Down 0.7 %

Shares of MIN traded down $0.02 during midday trading on Tuesday, reaching $2.70. The company had a trading volume of 121,038 shares, compared to its average volume of 239,186. MFS Intermediate Income Trust has a 1-year low of $2.52 and a 1-year high of $2.85. The firm has a 50 day simple moving average of $2.74 and a 200-day simple moving average of $2.68.

MFS Intermediate Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a dividend of $0.0204 per share. This is a boost from MFS Intermediate Income Trust’s previous monthly dividend of $0.02. This represents a $0.25 annualized dividend and a yield of 9.08%. The ex-dividend date is Tuesday, October 15th.

Hedge Funds Weigh In On MFS Intermediate Income Trust

A number of institutional investors have recently bought and sold shares of MIN. PFG Investments LLC acquired a new stake in shares of MFS Intermediate Income Trust during the 3rd quarter worth approximately $35,000. Private Advisor Group LLC increased its stake in MFS Intermediate Income Trust by 47.1% during the third quarter. Private Advisor Group LLC now owns 210,700 shares of the financial services provider’s stock worth $573,000 after acquiring an additional 67,500 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in MFS Intermediate Income Trust in the second quarter valued at $62,000. Choreo LLC purchased a new stake in MFS Intermediate Income Trust in the second quarter valued at $73,000. Finally, Shaker Financial Services LLC lifted its stake in shares of MFS Intermediate Income Trust by 30.6% in the 2nd quarter. Shaker Financial Services LLC now owns 152,493 shares of the financial services provider’s stock valued at $406,000 after purchasing an additional 35,757 shares during the last quarter. 50.90% of the stock is owned by hedge funds and other institutional investors.

About MFS Intermediate Income Trust

MFS Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets across the globe. It primarily invests in debt instruments. The fund seeks to benchmarks the performance of its portfolio against the Barclays Intermediate U.S.