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

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

Institutional Trading of MFS Charter Income Trust

A number of hedge funds have recently made changes to their positions in the business. Stonebridge Financial Planning Group LLC lifted its position in shares of MFS Charter Income Trust by 8.5% in the fourth quarter. Stonebridge Financial Planning Group LLC now owns 52,933 shares of the financial services provider’s stock valued at $338,000 after buying an additional 4,142 shares during the last quarter. Waverly Advisors LLC acquired a new stake in shares of MFS Charter Income Trust in the fourth quarter valued at approximately $251,000. Citadel Advisors LLC acquired a new stake in shares of MFS Charter Income Trust in the fourth quarter valued at approximately $82,000. Bank of America Corp DE lifted its position in shares of MFS Charter Income Trust by 3.7% in the fourth quarter. Bank of America Corp DE now owns 291,727 shares of the financial services provider’s stock valued at $1,861,000 after buying an additional 10,417 shares during the last quarter. Finally, Anderson Financial Strategies LLC acquired a new stake in shares of MFS Charter Income Trust in the fourth quarter valued at approximately $215,000.

MFS Charter Income Trust Stock Up 0.4 %

MCR opened at $6.27 on Thursday. MFS Charter Income Trust has a 12-month low of $6.01 and a 12-month high of $6.58. The business has a 50 day moving average of $6.35 and a 200-day moving average of $6.36.

MFS Charter Income Trust Increases Dividend

The firm 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 $0.0452 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 8.65%. This is a boost from MFS Charter Income Trust’s previous monthly dividend of $0.04. The ex-dividend date is Tuesday, March 18th.

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.