MFS Charter Income Trust (NYSE:MCR) Short Interest Down 28.8% in June

MFS Charter Income Trust (NYSE:MCR) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 20,300 shares, a decline of 28.8% from the May 31st total of 28,500 shares. Based on an average daily volume of 59,800 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of MFS Charter Income Trust

Several hedge funds have recently modified their holdings of the company. Valley Brook Capital Group Inc. grew its position in MFS Charter Income Trust by 58.5% in the first quarter. Valley Brook Capital Group Inc. now owns 22,350 shares of the financial services provider’s stock worth $142,000 after acquiring an additional 8,250 shares in the last quarter. L.M. Kohn & Company lifted its stake in shares of MFS Charter Income Trust by 10.7% during the 4th quarter. L.M. Kohn & Company now owns 27,197 shares of the financial services provider’s stock worth $176,000 after acquiring an additional 2,623 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of MFS Charter Income Trust by 3.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 67,022 shares of the financial services provider’s stock valued at $433,000 after purchasing an additional 2,500 shares during the period. International Assets Investment Management LLC grew its holdings in shares of MFS Charter Income Trust by 546.0% in the fourth quarter. International Assets Investment Management LLC now owns 75,421 shares of the financial services provider’s stock worth $487,000 after purchasing an additional 63,746 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of MFS Charter Income Trust by 4.8% in the first quarter. Commonwealth Equity Services LLC now owns 164,456 shares of the financial services provider’s stock worth $1,043,000 after purchasing an additional 7,576 shares during the last quarter.

MFS Charter Income Trust Stock Up 0.2 %

Shares of MCR traded up $0.01 during midday trading on Friday, hitting $6.27. 63,030 shares of the company traded hands, compared to its average volume of 62,620. The firm has a 50 day moving average of $6.24 and a 200-day moving average of $6.31. MFS Charter Income Trust has a 52 week low of $5.63 and a 52 week high of $6.70.

MFS Charter Income Trust Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Tuesday, June 18th were issued a dividend of $0.045 per share. This represents a $0.54 annualized dividend and a yield of 8.61%. The ex-dividend date of this dividend was Tuesday, June 18th.

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.