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

MFS Government Markets Income Trust (NYSE:MGF) saw a significant decrease in short interest in 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. Based on an average trading volume of 51,800 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On MFS Government Markets Income Trust

Several hedge funds have recently modified their holdings of the business. MML Investors Services LLC lifted its position in MFS Government Markets Income Trust by 3.1% in the third quarter. MML Investors Services LLC now owns 109,152 shares of the company’s stock worth $361,000 after purchasing an additional 3,283 shares during the period. Private Advisor Group LLC increased its stake 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 buying an additional 489,892 shares in the last quarter. Gilman Hill Asset Management LLC acquired a new stake in shares of MFS Government Markets Income Trust in the fourth quarter valued at $31,000. Consolidated Portfolio Review Corp increased 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 valued at $1,064,000 after buying an additional 18,179 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its stake in shares of MFS Government Markets Income Trust by 106.5% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 47,241 shares of the company’s stock valued at $145,000 after buying an additional 24,364 shares in the last quarter. 54.77% of the stock is owned by institutional investors.

MFS Government Markets Income Trust Stock Up 0.5 %

Shares of MGF traded up $0.02 during mid-day trading on Wednesday, hitting $3.12. The company’s stock had a trading volume of 721 shares, compared to its average volume of 80,670. MFS Government Markets Income Trust has a one year low of $2.95 and a one year high of $3.39. The stock’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. Stockholders of record on Tuesday, March 18th will be given a $0.0193 dividend. This represents a $0.23 annualized dividend and a dividend yield of 7.45%. This is a boost from MFS Government Markets Income Trust’s previous monthly dividend of $0.02. The ex-dividend date of this dividend 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.