MFS Government Markets Income Trust (NYSE:MGF) Short Interest Update

MFS Government Markets Income Trust (NYSE:MGF) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 50,100 shares, a growth of 109.6% from the February 28th total of 23,900 shares. Based on an average daily volume of 46,000 shares, the short-interest ratio is currently 1.1 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MGF. Gilman Hill Asset Management LLC purchased a new position in shares of MFS Government Markets Income Trust in the 4th quarter valued at about $31,000. L.M. Kohn & Company purchased a new stake in shares of MFS Government Markets Income Trust in the third quarter valued at approximately $78,000. Dynamic Advisor Solutions LLC raised its stake in shares of MFS Government Markets Income Trust by 106.5% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 47,241 shares of the company’s stock worth $145,000 after buying an additional 24,364 shares during the period. Transform Wealth LLC acquired a new position in MFS Government Markets Income Trust during the fourth quarter worth $163,000. Finally, MML Investors Services LLC lifted its holdings in MFS Government Markets Income Trust by 3.1% during the third quarter. MML Investors Services LLC now owns 109,152 shares of the company’s stock valued at $361,000 after purchasing an additional 3,283 shares in the last quarter. Institutional investors and hedge funds own 54.77% of the company’s stock.

MFS Government Markets Income Trust Price Performance

NYSE:MGF traded up $0.04 during mid-day trading on Friday, hitting $3.13. The company’s stock had a trading volume of 96,006 shares, compared to its average volume of 73,376. The business’s fifty day moving average is $3.10 and its two-hundred day moving average is $3.14. MFS Government Markets Income Trust has a 1 year low of $2.95 and a 1 year high of $3.39.

MFS Government Markets Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.0193 per share. This is a boost from MFS Government Markets Income Trust’s previous monthly dividend of $0.02. The ex-dividend date is Tuesday, March 18th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 7.40%.

About MFS Government Markets Income Trust

MFS Government Markets Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets of United States. It primarily invests in investment grade debt instruments. The fund also invests in mortgage backed, U.S.