MFS Government Markets Income Trust (NYSE:MGF) Short Interest Down 22.7% in February

MFS Government Markets Income Trust (NYSE:MGF) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 23,900 shares, a drop of 22.7% from the February 13th total of 30,900 shares. Based on an average daily trading volume, of 51,800 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Gilman Hill Asset Management LLC purchased a new position in MFS Government Markets Income Trust in the fourth quarter valued at approximately $31,000. L.M. Kohn & Company purchased a new stake in shares of MFS Government Markets Income Trust during 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 fourth quarter. Dynamic Advisor Solutions LLC now owns 47,241 shares of the company’s stock valued at $145,000 after purchasing an additional 24,364 shares during the period. Transform Wealth LLC purchased a new stake in shares of MFS Government Markets Income Trust during the fourth quarter valued at approximately $163,000. Finally, MML Investors Services LLC raised its stake in shares of 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 during the period. Hedge funds and other institutional investors own 54.77% of the company’s stock.

MFS Government Markets Income Trust Trading Down 0.3 %

NYSE MGF traded down $0.01 during mid-day trading on Monday, hitting $3.14. The company’s stock had a trading volume of 29,177 shares, compared to its average volume of 41,576. MFS Government Markets Income Trust has a 52-week low of $2.95 and a 52-week high of $3.39. The stock’s fifty day simple moving average is $3.09 and its two-hundred day simple moving average is $3.15.

MFS Government Markets Income Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be issued a $0.0193 dividend. This is a positive change from MFS Government Markets Income Trust’s previous monthly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.23 annualized dividend and a yield of 7.39%.

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.