MFS Government Markets Income Trust (NYSE:MGF - Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 40,200 shares, a decline of 19.8% from the March 15th total of 50,100 shares. Approximately 0.1% of the company's stock are short sold. Based on an average daily trading volume, of 42,000 shares, the short-interest ratio is currently 1.0 days.
MFS Government Markets Income Trust Stock Performance
MGF stock traded up $0.03 during trading on Wednesday, reaching $3.08. The stock had a trading volume of 36,348 shares, compared to its average volume of 72,027. The firm has a fifty day moving average price of $3.11 and a 200 day moving average price of $3.12. MFS Government Markets Income Trust has a 1-year low of $2.95 and a 1-year high of $3.39.
MFS Government Markets Income Trust Increases Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a $0.0195 dividend. 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, April 15th. This represents a $0.23 annualized dividend and a dividend yield of 7.59%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of MGF. MML Investors Services LLC raised its position in shares of MFS Government Markets Income Trust by 3.1% in the 3rd 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 in the last quarter. Ameritas Advisory Services LLC raised its holdings in MFS Government Markets Income Trust by 4.4% in the fourth quarter. Ameritas Advisory Services LLC now owns 144,890 shares of the company's stock valued at $445,000 after acquiring an additional 6,140 shares in the last quarter. Gilman Hill Asset Management LLC acquired a new stake in MFS Government Markets Income Trust in the fourth quarter valued at $31,000. Transform Wealth LLC acquired a new position in MFS Government Markets Income Trust during the 4th quarter worth $163,000. Finally, Dynamic Advisor Solutions LLC raised its stake in shares of MFS Government Markets Income Trust by 106.5% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 54.77% of the company's stock.
About MFS Government Markets Income Trust
(
Get Free Report)
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.
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