MFS Charter Income Trust (NYSE:MCR) Sees Significant Decline in Short Interest

MFS Charter Income Trust (NYSE:MCR) was the recipient of a large decline in short interest in November. As of November 15th, there was short interest totalling 12,800 shares, a decline of 63.8% from the October 31st total of 35,400 shares. Based on an average daily volume of 86,500 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of MFS Charter Income Trust

Institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC lifted its holdings in MFS Charter Income Trust by 233.2% in the 3rd quarter. Larson Financial Group LLC now owns 6,330 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 4,430 shares in the last quarter. Atlas Private Wealth Advisors acquired a new stake in shares of MFS Charter Income Trust in the second quarter valued at about $75,000. Valley Brook Capital Group Inc. lifted its stake in shares of MFS Charter Income Trust by 15.8% in the third quarter. Valley Brook Capital Group Inc. now owns 25,922 shares of the financial services provider’s stock worth $170,000 after buying an additional 3,543 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in MFS Charter Income Trust by 107.4% during the second quarter. Concurrent Investment Advisors LLC now owns 38,347 shares of the financial services provider’s stock worth $240,000 after acquiring an additional 19,861 shares during the last quarter. Finally, L.M. Kohn & Company grew its stake in MFS Charter Income Trust by 27.6% during the 3rd quarter. L.M. Kohn & Company now owns 38,215 shares of the financial services provider’s stock valued at $251,000 after acquiring an additional 8,261 shares in the last quarter.

MFS Charter Income Trust Stock Performance

Shares of MFS Charter Income Trust stock remained flat at $6.25 during trading hours on Wednesday. 67,579 shares of the company’s stock were exchanged, compared to its average volume of 69,846. MFS Charter Income Trust has a 1-year low of $6.01 and a 1-year high of $6.70. The company’s fifty day simple moving average is $6.38 and its 200 day simple moving average is $6.34.

MFS Charter Income Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.046 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 8.82%.

MFS Charter Income Trust Company Profile

MFS Charter Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets across the globe. It invests primarily in corporate bonds of U.S. or foreign issuers, U.S. Government securities, foreign government securities, mortgage-backed, and other asset-backed securities of U.S.