MFS Government Markets Income Trust (NYSE:MGF) Short Interest Up 134.1% in February

MFS Government Markets Income Trust (NYSE:MGF - Get Free Report) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 30,900 shares, an increase of 134.1% from the January 31st total of 13,200 shares. Based on an average daily trading volume, of 57,100 shares, the short-interest ratio is presently 0.5 days.

MFS Government Markets Income Trust Trading Down 0.6 %

MGF traded down $0.02 during mid-day trading on Wednesday, hitting $3.12. The stock had a trading volume of 31,659 shares, compared to its average volume of 41,590. MFS Government Markets Income Trust has a 1-year low of $2.95 and a 1-year high of $3.39. The stock's fifty day simple moving average is $3.08 and its 200-day simple moving average is $3.15.

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 of this dividend is Tuesday, March 18th. This is a positive change 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 7.43%.

Hedge Funds Weigh In On MFS Government Markets Income Trust

A number of large investors have recently added to or reduced their stakes in the company. Gilman Hill Asset Management LLC acquired a new position in shares of MFS Government Markets Income Trust during the fourth quarter worth about $31,000. L.M. Kohn & Company bought a new stake in MFS Government Markets Income Trust in the 3rd quarter valued at approximately $78,000. Dynamic Advisor Solutions LLC boosted its position in 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 acquiring an additional 24,364 shares during the last quarter. Transform Wealth LLC bought a new position in shares of MFS Government Markets Income Trust during the 4th quarter worth approximately $163,000. Finally, MML Investors Services LLC raised its holdings in shares of 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 valued at $361,000 after purchasing an additional 3,283 shares during the last quarter. Institutional investors own 54.77% of the company's stock.

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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.