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

MFS Government Markets Income Trust (NYSE:MGF) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 109,500 shares, an increase of 327.7% from the September 15th total of 25,600 shares. Based on an average daily trading volume, of 92,000 shares, the short-interest ratio is presently 1.2 days.

MFS Government Markets Income Trust Stock Performance

Shares of NYSE MGF remained flat at $3.26 during midday trading on Thursday. The stock had a trading volume of 31,724 shares, compared to its average volume of 98,591. MFS Government Markets Income Trust has a fifty-two week low of $2.91 and a fifty-two week high of $3.39. The business’s fifty day moving average is $3.23 and its 200 day 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 Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.0204 per share. This represents a $0.24 dividend on an annualized basis and a yield of 7.52%. The ex-dividend date is Tuesday, October 15th. This is a positive change from MFS Government Markets Income Trust’s previous monthly dividend of $0.02.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its holdings in MFS Government Markets Income Trust by 0.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,822,911 shares of the company’s stock worth $5,833,000 after purchasing an additional 15,576 shares during the period. Consolidated Portfolio Review Corp lifted its stake in shares of MFS Government Markets Income Trust by 3.8% in the 1st quarter. Consolidated Portfolio Review Corp now owns 327,919 shares of the company’s stock worth $1,049,000 after acquiring an additional 12,041 shares during the period. Karpus Management Inc. boosted its holdings in shares of MFS Government Markets Income Trust by 47.5% in the first quarter. Karpus Management Inc. now owns 2,655,475 shares of the company’s stock valued at $8,498,000 after acquiring an additional 854,941 shares in the last quarter. Kraft Davis & Associates LLC bought a new stake in MFS Government Markets Income Trust during the first quarter worth approximately $566,000. Finally, WMG Financial Advisors LLC acquired a new position in shares of MFS Government Markets Income Trust during the 2nd quarter valued at $31,000. 54.77% of the stock is owned by institutional investors and hedge funds.

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.