MFS Charter Income Trust (NYSE:MCR) Short Interest Update

MFS Charter Income Trust (NYSE:MCR) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 100,200 shares, a decline of 15.1% from the February 13th total of 118,000 shares. Based on an average trading volume of 88,100 shares, the short-interest ratio is currently 1.1 days.

MFS Charter Income Trust Price Performance

NYSE:MCR opened at $6.27 on Thursday. MFS Charter Income Trust has a 1 year low of $6.01 and a 1 year high of $6.58. The stock has a 50-day moving average price of $6.35 and a two-hundred day moving average price of $6.36.

MFS Charter Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.0452 per share. This is a boost from MFS Charter Income Trust’s previous monthly dividend of $0.04. This represents a $0.54 annualized dividend and a dividend yield of 8.65%. The ex-dividend date of this dividend is Tuesday, March 18th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MCR. Pathstone Holdings LLC boosted its position in shares of MFS Charter Income Trust by 1,011.0% during the third quarter. Pathstone Holdings LLC now owns 225,696 shares of the financial services provider’s stock worth $1,483,000 after buying an additional 205,382 shares during the period. Landscape Capital Management L.L.C. boosted its position in shares of MFS Charter Income Trust by 50.4% during the third quarter. Landscape Capital Management L.L.C. now owns 125,213 shares of the financial services provider’s stock worth $823,000 after buying an additional 41,933 shares during the period. Larson Financial Group LLC boosted its position in shares of MFS Charter Income Trust by 233.2% during the third quarter. Larson Financial Group LLC now owns 6,330 shares of the financial services provider’s stock worth $42,000 after buying an additional 4,430 shares during the period. L.M. Kohn & Company boosted its position in MFS Charter Income Trust by 27.6% during the third quarter. L.M. Kohn & Company now owns 38,215 shares of the financial services provider’s stock valued at $251,000 after purchasing an additional 8,261 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in MFS Charter Income Trust by 13.5% during the third quarter. Stifel Financial Corp now owns 179,664 shares of the financial services provider’s stock valued at $1,180,000 after purchasing an additional 21,350 shares during the last quarter.

About MFS Charter Income Trust

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.