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 large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 23,900 shares, a decrease of 22.7% from the February 13th total of 30,900 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 51,800 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On MFS Government Markets Income Trust

Hedge funds have recently modified their holdings of the company. Gilman Hill Asset Management LLC acquired a new stake in shares of MFS Government Markets Income Trust during the 4th quarter worth about $31,000. L.M. Kohn & Company acquired a new stake in shares of MFS Government Markets Income Trust during the 3rd quarter worth about $78,000. Dynamic Advisor Solutions LLC boosted 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 purchasing an additional 24,364 shares during the last quarter. Transform Wealth LLC acquired a new stake in shares of MFS Government Markets Income Trust during the 4th quarter worth about $163,000. Finally, MML Investors Services LLC lifted its holdings in shares of MFS Government Markets Income Trust by 3.1% during the 3rd quarter. MML Investors Services LLC now owns 109,152 shares of the company’s stock worth $361,000 after acquiring an additional 3,283 shares during the period. 54.77% of the stock is owned by institutional investors and hedge funds.

MFS Government Markets Income Trust Price Performance

NYSE MGF traded down $0.01 during trading hours on Monday, reaching $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 fifty-two week low of $2.95 and a fifty-two week high of $3.39. The company’s 50-day moving average is $3.09 and its two-hundred day moving average is $3.15.

MFS Government Markets 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 paid a $0.0193 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 7.39%. 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.

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.