November 29, 2016 - By Vivian Park · 0 Comments
The stock of Mfs Municipal Trust (NYSE:MFM) registered an increase of 100.42% in short interest. MFM’s total short interest was 47,300 shares in November as published by FINRA. Its up 100.42% from 23,600 shares, reported previously. With 115,400 shares average volume, it will take short sellers 0 days to cover their MFM’s short positions. The stock increased 0.30% or $0.02 on November 28, hitting $6.69. MFS Municipal Income Trust (NYSE:MFM) has declined 8.48% since April 26, 2016 and is downtrending. It has underperformed by 13.74% the S&P500.
MFS Municipal Income Trust is a tax-exempt diversified closed-end fund. The company has a market cap of $276.37 million. The Fund invests, under normal market conditions, at least 80% of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in municipal bonds, which include debt securities, the interest on which is exempt from federal income tax. It currently has negative earnings. The Fund invests in the MFS Institutional Money Market Portfolio.
Insitutional Activity: The institutional sentiment increased to 1.31 in Q2 2016. Its up 0.66, from 0.65 in 2016Q1. The ratio increased, as 9 funds sold all MFS Municipal Income Trust shares owned while 11 reduced positions. 8 funds bought stakes while 5 increased positions. They now own 3.69 million shares or 14.26% more from 3.23 million shares in 2016Q1.
Advisory Serv Networks Ltd Llc holds 1,000 shares or 0% of its portfolio. Van Eck Associates Corporation has 104,952 shares for 0% of their US portfolio. Ladenburg Thalmann Serv holds 7,274 shares or 0% of its portfolio. Amarillo Bancorp, a Texas-based fund reported 11,502 shares. Pnc Financial Svcs Gp holds 0% of its portfolio in MFS Municipal Income Trust (NYSE:MFM) for 1,000 shares. Mackay Shields Ltd Liability holds 0.16% or 427,052 shares in its portfolio. Moreover, Pittenger And Anderson has 0.01% invested in MFS Municipal Income Trust (NYSE:MFM) for 8,000 shares. Raymond James & Assocs owns 64,420 shares or 0% of their US portfolio. Planning Corporation accumulated 0.01% or 24,000 shares. Moreover, Fifth Third Retail Bank has 0% invested in MFS Municipal Income Trust (NYSE:MFM) for 560 shares. Private Advisor Llc has 21,000 shares for 0.01% of their US portfolio. Jnba Financial Advisors has invested 0% of its portfolio in MFS Municipal Income Trust (NYSE:MFM). The Colorado-based Advsrs Asset Incorporated has invested 0.05% in MFS Municipal Income Trust (NYSE:MFM). Creative Planning last reported 0% of its portfolio in the stock. Morgan Stanley has 43,511 shares for 0% of their US portfolio.
MFS Municipal Income Trust (the Trust) is a non-diversified, closed-end management investment company. The fund’s objective is to seek high current income. MFS Municipal Income Trust invests at least 80% of its net assets in municipal bonds (debt securities issued by or on behalf of states, territories, possessions of the United States, District of Columbia and their political subdivisions, agencies or instrumentalities).
More important recent MFS Municipal Income Trust (NYSE:MFM) news were published by: Marketwatch.com which released: “MFS Municipal Income Trust” on February 19, 2011, also Streetinsider.com published article titled: “Form NSAR-A MFS MUNICIPAL SERIES For: Sep 30”, Businesswire.com published: “Fitch Rates VMTP Shares Issued by 5 MFS Municipal Closed-End Funds ‘AAA'” on March 24, 2016. More interesting news about MFS Municipal Income Trust (NYSE:MFM) was released by: Thestreet.com and their article: “4 Fantastic Closed-End Muni Bond Funds to Boost Your Income” with publication date: November 11, 2015.
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By Vivian Park