MFS Government Markets Income Trust (NYSE:MGF) Short Interest Up 134.1% in February

MFS Government Markets Income Trust (NYSE:MGF) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 30,900 shares, a growth of 134.1% from the January 31st total of 13,200 shares. Based on an average daily volume of 57,100 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On MFS Government Markets Income Trust

A number of large investors have recently modified their holdings of the company. Private Advisor Group LLC grew its holdings in MFS Government Markets Income Trust by 354.7% during the 4th quarter. Private Advisor Group LLC now owns 627,992 shares of the company’s stock valued at $1,928,000 after buying an additional 489,892 shares in the last quarter. Sit Investment Associates Inc. lifted its holdings in shares of MFS Government Markets Income Trust by 3.6% during the fourth quarter. Sit Investment Associates Inc. now owns 8,277,496 shares of the company’s stock valued at $25,412,000 after purchasing an additional 291,016 shares in the last quarter. Raymond James Financial Inc. bought a new position in MFS Government Markets Income Trust in the fourth quarter valued at about $825,000. Transform Wealth LLC bought a new stake in MFS Government Markets Income Trust during the 4th quarter valued at approximately $163,000. Finally, Dynamic Advisor Solutions LLC increased its stake in MFS Government Markets Income Trust by 106.5% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 47,241 shares of the company’s stock worth $145,000 after acquiring an additional 24,364 shares during the last quarter. 54.77% of the stock is currently owned by institutional investors.

MFS Government Markets Income Trust Stock Up 0.3 %

Shares of MGF stock traded up $0.01 on Friday, reaching $3.12. The company had a trading volume of 49,481 shares, compared to its average volume of 41,487. The business’s 50-day moving average is $3.08 and its 200 day moving average is $3.15. MFS Government Markets Income Trust has a one year low of $2.95 and a one year high of $3.39.

MFS Government Markets Income Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.0192 per share. This represents a $0.23 annualized dividend and a dividend yield of 7.38%. The ex-dividend date was Tuesday, February 18th.

MFS Government Markets Income Trust Company Profile

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.