MFS Government Markets Income Trust (NYSE:MGF) Sees Large Drop in Short Interest

MFS Government Markets Income Trust (NYSE:MGF - Get Free Report) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 10,800 shares, a decrease of 68.0% from the April 30th total of 33,700 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 63,500 shares, the days-to-cover ratio is presently 0.2 days.

MFS Government Markets Income Trust Stock Up 0.3%

Shares of MGF stock traded up $0.01 during trading hours on Friday, hitting $3.07. 62,269 shares of the company were exchanged, compared to its average volume of 76,266. MFS Government Markets Income Trust has a 52 week low of $2.95 and a 52 week high of $3.39. The business has a 50 day moving average of $3.09 and a two-hundred day moving average of $3.10.

MFS Government Markets Income Trust Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 30th. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.0193 per share. This represents a $0.23 dividend on an annualized basis and a yield of 7.56%. The ex-dividend date was Tuesday, May 13th.

Institutional Trading of MFS Government Markets Income Trust

Several hedge funds and other institutional investors have recently modified their holdings of MGF. Csenge Advisory Group boosted its position in shares of MFS Government Markets Income Trust by 19.0% during the first quarter. Csenge Advisory Group now owns 30,346 shares of the company's stock worth $93,000 after buying an additional 4,838 shares during the period. Dynamic Advisor Solutions LLC boosted its position in 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 acquiring an additional 16,815 shares during the last quarter. Consolidated Portfolio Review Corp boosted its position in MFS Government Markets Income Trust by 5.5% during the 4th 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 last quarter. Sit Investment Associates Inc. grew its stake in shares of MFS Government Markets Income Trust by 1.5% during the 1st quarter. Sit Investment Associates Inc. now owns 8,401,498 shares of the company's stock worth $26,633,000 after acquiring an additional 124,002 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of MFS Government Markets Income Trust by 33.6% in the first quarter. Private Advisor Group LLC now owns 839,285 shares of the company's stock valued at $2,661,000 after purchasing an additional 211,293 shares during the last quarter. Institutional investors and hedge funds own 54.77% of the company's stock.

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.