MFS Government Markets Income Trust (NYSE:MGF) Short Interest Down 19.8% in March

MFS Government Markets Income Trust (NYSE:MGF - Get Free Report) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 40,200 shares, a decrease of 19.8% from the March 15th total of 50,100 shares. Based on an average trading volume of 42,000 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.1% of the shares of the stock are short sold.

MFS Government Markets Income Trust Price Performance

Shares of NYSE:MGF traded up $0.01 during trading on Friday, reaching $3.09. 4,779 shares of the company's stock traded hands, compared to its average volume of 42,109. MFS Government Markets Income Trust has a fifty-two week low of $2.95 and a fifty-two week high of $3.39. The company has a 50-day simple moving average of $3.11 and a 200-day simple moving average of $3.12.

MFS Government Markets Income Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a $0.0195 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This is a boost 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 dividend yield of 7.56%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Consolidated Portfolio Review Corp lifted its holdings in MFS Government Markets Income Trust by 8.5% during the first quarter. Consolidated Portfolio Review Corp now owns 376,053 shares of the company's stock valued at $1,192,000 after purchasing an additional 29,505 shares in the last quarter. Dynamic Advisor Solutions LLC raised its position in shares of MFS Government Markets Income Trust by 35.6% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 64,056 shares of the company's stock worth $203,000 after purchasing an additional 16,815 shares during the last quarter. Raymond James Financial Inc. purchased a new position in MFS Government Markets Income Trust in the 4th quarter valued at about $825,000. Sit Investment Associates Inc. lifted its stake in MFS Government Markets Income Trust by 3.6% in the 4th quarter. Sit Investment Associates Inc. now owns 8,277,496 shares of the company's stock valued at $25,412,000 after buying an additional 291,016 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings 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. 54.77% of the stock is owned by institutional investors and hedge funds.

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.