MFS Government Markets Income Trust (NYSE:MGF) Sees Significant Growth in Short Interest

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

Institutional Trading of MFS Government Markets Income Trust

Several large investors have recently bought and sold shares of MGF. Raymond James Financial Inc. acquired a new stake in shares of MFS Government Markets Income Trust during the fourth quarter worth $825,000. Sit Investment Associates Inc. lifted its position in MFS Government Markets Income Trust by 3.6% during the 4th quarter. Sit Investment Associates Inc. now owns 8,277,496 shares of the company’s stock worth $25,412,000 after acquiring an additional 291,016 shares during the period. Private Advisor Group LLC increased its holdings in shares of MFS Government Markets Income Trust by 354.7% in the fourth quarter. Private Advisor Group LLC now owns 627,992 shares of the company’s stock valued at $1,928,000 after purchasing an additional 489,892 shares during the period. Consolidated Portfolio Review Corp raised its stake in shares of MFS Government Markets Income Trust by 5.5% in the fourth quarter. Consolidated Portfolio Review Corp now owns 346,548 shares of the company’s stock worth $1,064,000 after purchasing an additional 18,179 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its holdings 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 worth $145,000 after purchasing an additional 24,364 shares during the period. Hedge funds and other institutional investors own 54.77% of the company’s stock.

MFS Government Markets Income Trust Price Performance

NYSE MGF traded up $0.04 during 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. MFS Government Markets Income Trust has a fifty-two week low of $2.95 and a fifty-two week high of $3.39. The business’s 50 day simple moving average is $3.10 and its 200-day simple moving average is $3.14.

MFS Government Markets Income Trust Increases Dividend

The business also recently announced 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. The ex-dividend date is Tuesday, March 18th. This is a boost from MFS Government Markets Income Trust’s previous monthly dividend of $0.02. This represents a $0.23 dividend on an annualized basis and a yield of 7.40%.

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.