Short Interest in MFS Intermediate Income Trust (NYSE:MIN) Expands By 194.3%

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

MFS Intermediate Income Trust Trading Down 1.9 %

Shares of NYSE:MIN traded down $0.05 during midday trading on Friday, reaching $2.62. The company had a trading volume of 237,691 shares, compared to its average volume of 238,792. The company has a fifty day simple moving average of $2.70 and a two-hundred day simple moving average of $2.71. MFS Intermediate Income Trust has a 1-year low of $2.56 and a 1-year high of $2.85.

MFS Intermediate Income Trust Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.0198 per share. The ex-dividend date is Tuesday, December 17th.

Hedge Funds Weigh In On MFS Intermediate Income Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MIN. Westfuller Advisors LLC purchased a new position in MFS Intermediate Income Trust during the 3rd quarter valued at about $28,000. PFG Investments LLC acquired a new position in MFS Intermediate Income Trust in the 3rd quarter valued at approximately $35,000. EP Wealth Advisors LLC grew its holdings 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 acquiring an additional 4,250 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of MFS Intermediate Income Trust in the second quarter worth $62,000. Finally, Choreo LLC purchased a new stake in shares of MFS Intermediate Income Trust during the second quarter worth $73,000. Institutional investors and hedge funds own 50.90% of the company’s stock.

MFS Intermediate Income Trust Company Profile

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.