MFS Government Markets Income Trust (NYSE:MGF) Short Interest Down 22.7% in February

MFS Government Markets Income Trust (NYSE:MGF) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 23,900 shares, a drop of 22.7% from the February 13th total of 30,900 shares. Based on an average trading volume of 51,800 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

MFS Government Markets Income Trust Price Performance

NYSE:MGF traded down $0.02 during trading hours on Tuesday, hitting $3.12. 31,650 shares of the company’s stock traded hands, compared to its average volume of 80,988. MFS Government Markets Income Trust has a 52 week low of $2.95 and a 52 week high of $3.39. The business’s fifty day simple moving average is $3.09 and its two-hundred day simple 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. Investors of record on Tuesday, March 18th will be 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. The ex-dividend date is Tuesday, March 18th. This represents a $0.23 annualized dividend and a yield of 7.43%.

Institutional Investors Weigh In On MFS Government Markets Income Trust

Large investors have recently added to or reduced their stakes in the business. Gilman Hill Asset Management LLC bought a new stake in MFS Government Markets Income Trust during the fourth quarter valued at $31,000. L.M. Kohn & Company bought a new stake in MFS Government Markets Income Trust during the third quarter valued at $78,000. Dynamic Advisor Solutions LLC boosted its stake in MFS Government Markets Income Trust by 106.5% during 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 during the period. Transform Wealth LLC bought a new stake in MFS Government Markets Income Trust during the fourth quarter valued at $163,000. Finally, MML Investors Services LLC boosted its stake in MFS Government Markets Income Trust by 3.1% during the third quarter. MML Investors Services LLC now owns 109,152 shares of the company’s stock valued at $361,000 after buying an additional 3,283 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.