MFS Government Markets Income Trust (NYSE:MGF) Short Interest Down 38.7% in January

MFS Government Markets Income Trust (NYSE:MGF - Get Free Report) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 41,900 shares, a decline of 38.7% from the December 31st total of 68,300 shares. Based on an average daily volume of 71,700 shares, the days-to-cover ratio is currently 0.6 days.

MFS Government Markets Income Trust Stock Performance

Shares of MGF stock traded up $0.02 during trading hours on Tuesday, reaching $3.10. The company had a trading volume of 45,545 shares, compared to its average volume of 44,452. The business has a fifty day moving average price of $3.09 and a 200-day moving average price of $3.16. MFS Government Markets Income Trust has a one year low of $2.95 and a one year high of $3.39.

MFS Government Markets Income Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th were paid a $0.0195 dividend. This represents a $0.23 annualized dividend and a dividend yield of 7.53%. The ex-dividend date was Tuesday, January 14th.

Institutional Trading of MFS Government Markets Income Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MGF. Private Advisor Group LLC boosted its position 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 worth $1,928,000 after purchasing an additional 489,892 shares during the period. Consolidated Portfolio Review Corp boosted 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 acquiring an additional 18,179 shares during the period. Ameritas Advisory Services LLC grew its position in shares of MFS Government Markets Income Trust by 4.4% during the fourth quarter. Ameritas Advisory Services LLC now owns 144,890 shares of the company's stock worth $445,000 after purchasing an additional 6,140 shares in the last quarter. MML Investors Services LLC raised its stake in MFS Government Markets Income Trust by 3.1% during 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 during the period. Finally, Transform Wealth LLC purchased a new position in MFS Government Markets Income Trust in the 4th quarter worth approximately $163,000. 54.77% of the stock is owned by hedge funds and other institutional investors.

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.