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

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

MFS Government Markets Income Trust Trading Down 0.2 %

Shares of NYSE MGF traded down $0.01 during trading on Tuesday, reaching $3.17. The company had a trading volume of 9,667 shares, compared to its average volume of 41,697. MFS Government Markets Income Trust has a 12-month low of $2.95 and a 12-month high of $3.39. The business's 50-day moving average is $3.10 and its 200 day moving average is $3.14.

MFS Government Markets Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.0193 per share. 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 7.33%. The ex-dividend date was Tuesday, March 18th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Private Advisor Group LLC raised its position in MFS Government Markets Income Trust by 354.7% in the 4th quarter. Private Advisor Group LLC now owns 627,992 shares of the company's stock worth $1,928,000 after buying an additional 489,892 shares during the last quarter. Sit Investment Associates Inc. lifted its holdings in MFS Government Markets Income Trust by 3.6% during the fourth quarter. Sit Investment Associates Inc. now owns 8,277,496 shares of the company's stock valued at $25,412,000 after purchasing an additional 291,016 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of MFS Government Markets Income Trust during the 4th quarter valued at $825,000. Transform Wealth LLC bought a new position in shares of MFS Government Markets Income Trust in the fourth quarter worth about $163,000. Finally, Dynamic Advisor Solutions LLC boosted its stake in 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 worth $145,000 after purchasing an additional 24,364 shares during the period. Institutional investors own 54.77% of the company's stock.

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.