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

MFS Charter Income Trust (NYSE:MCR) saw a large 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 daily volume of 88,100 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Investors Weigh In On MFS Charter Income Trust

Hedge funds have recently bought and sold shares of the company. Sit Investment Associates Inc. raised its position in shares of MFS Charter Income Trust by 30.8% during the fourth quarter. Sit Investment Associates Inc. now owns 2,081,087 shares of the financial services provider’s stock valued at $13,277,000 after buying an additional 489,759 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of MFS Charter Income Trust by 7.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,773,447 shares of the financial services provider’s stock valued at $11,315,000 after buying an additional 122,018 shares during the last quarter. Invesco Ltd. raised its position in shares of MFS Charter Income Trust by 10.4% during the fourth quarter. Invesco Ltd. now owns 567,652 shares of the financial services provider’s stock valued at $3,622,000 after buying an additional 53,369 shares during the last quarter. GraniteShares Advisors LLC acquired a new position in shares of MFS Charter Income Trust during the fourth quarter valued at about $2,464,000. Finally, Bank of America Corp DE raised its position in shares of MFS Charter Income Trust by 3.7% during 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.

MFS Charter Income Trust Price Performance

Shares of NYSE:MCR opened at $6.28 on Friday. The company’s fifty day moving average is $6.35 and its two-hundred day moving average is $6.36. MFS Charter Income Trust has a 12-month low of $6.01 and a 12-month high of $6.58.

MFS Charter Income Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be issued a $0.0452 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from MFS Charter Income Trust’s previous monthly dividend of $0.04. This represents a $0.54 dividend on an annualized basis and a yield of 8.63%.

MFS Charter Income Trust Company Profile

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.