MFS Intermediate Income Trust (NYSE:MIN) Short Interest Up 194.3% in December

MFS Intermediate Income Trust (NYSE:MIN) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 352,900 shares, an increase of 194.3% from the November 30th total of 119,900 shares. Based on an average trading volume of 217,400 shares, the short-interest ratio is currently 1.6 days.

MFS Intermediate Income Trust Stock Down 1.9 %

MFS Intermediate Income Trust stock traded down $0.05 during midday trading on Friday, reaching $2.62. 237,691 shares of the company traded hands, compared to its average volume of 238,792. The business has a 50 day moving average of $2.70 and a two-hundred day moving average of $2.71. MFS Intermediate Income Trust has a 12 month low of $2.56 and a 12 month high of $2.85.

MFS Intermediate Income Trust Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a $0.0198 dividend. The ex-dividend date of this dividend is Tuesday, December 17th.

Institutional Trading of MFS Intermediate Income Trust

Several hedge funds have recently bought and sold shares of the stock. Westfuller Advisors LLC bought a new position in shares of MFS Intermediate Income Trust in the third quarter worth approximately $28,000. PFG Investments LLC bought a new position in shares of MFS Intermediate Income Trust in the 3rd quarter valued at about $35,000. EP Wealth Advisors LLC increased its position in shares of MFS Intermediate Income Trust by 37.0% during the 3rd quarter. EP Wealth Advisors LLC now owns 15,750 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 4,250 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of MFS Intermediate Income Trust in the second quarter valued at $62,000. Finally, Choreo LLC bought a new stake in MFS Intermediate Income Trust in the second quarter worth about $73,000. Institutional investors own 50.90% of the company’s stock.

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.