MFS Charter Income Trust (NYSE:MCR) Sees Large Growth in Short Interest

MFS Charter Income Trust (NYSE:MCR) was the target of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 19,300 shares, a growth of 50.8% from the November 15th total of 12,800 shares. Based on an average daily trading volume, of 78,600 shares, the short-interest ratio is presently 0.2 days.

MFS Charter Income Trust Price Performance

Shares of MCR opened at $6.38 on Friday. The firm has a fifty day simple moving average of $6.35 and a two-hundred day simple moving average of $6.35. MFS Charter Income Trust has a twelve month low of $6.01 and a twelve month high of $6.70.

MFS Charter Income Trust Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.0455 per share. The ex-dividend date is Tuesday, December 17th.

Institutional Investors Weigh In On MFS Charter Income Trust

Institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its position in MFS Charter Income Trust by 233.2% during the 3rd quarter. Larson Financial Group LLC now owns 6,330 shares of the financial services provider’s stock valued at $42,000 after buying an additional 4,430 shares during the period. Valley Brook Capital Group Inc. lifted its position in shares of MFS Charter Income Trust by 15.8% in the 3rd quarter. Valley Brook Capital Group Inc. now owns 25,922 shares of the financial services provider’s stock worth $170,000 after purchasing an additional 3,543 shares during the period. Concurrent Investment Advisors LLC boosted its stake in shares of MFS Charter Income Trust by 107.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 38,347 shares of the financial services provider’s stock valued at $240,000 after purchasing an additional 19,861 shares in the last quarter. L.M. Kohn & Company increased its position in shares of 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 buying an additional 8,261 shares during the period. Finally, Ashton Thomas Securities LLC raised its stake in MFS Charter Income Trust by 7.2% in the third quarter. Ashton Thomas Securities LLC now owns 44,750 shares of the financial services provider’s stock worth $294,000 after buying an additional 3,000 shares in 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.