MFS Government Markets Income Trust (NYSE:MGF - Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 31,100 shares, a growth of 188.0% from the May 15th total of 10,800 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 64,100 shares, the days-to-cover ratio is presently 0.5 days.
MFS Government Markets Income Trust Price Performance
MFS Government Markets Income Trust stock remained flat at $3.09 during midday trading on Friday. The company had a trading volume of 36,092 shares, compared to its average volume of 71,574. The stock's fifty day simple moving average is $3.08 and its two-hundred day simple moving average is $3.09. MFS Government Markets Income Trust has a 12-month low of $2.95 and a 12-month high of $3.39.
MFS Government Markets Income Trust Announces Dividend
The company also recently disclosed a -- dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be paid a dividend of $0.0191 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a dividend yield of 7.7%.
Hedge Funds Weigh In On MFS Government Markets Income Trust
Several institutional investors have recently made changes to their positions in MGF. Csenge Advisory Group boosted its holdings in 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 in the last quarter. Dynamic Advisor Solutions LLC boosted its stake 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 acquiring an additional 16,815 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of MFS Government Markets Income Trust during the 4th quarter worth about $825,000. Consolidated Portfolio Review Corp grew its position in shares of MFS Government Markets Income Trust by 8.5% during the 1st quarter. Consolidated Portfolio Review Corp now owns 376,053 shares of the company's stock valued at $1,192,000 after acquiring an additional 29,505 shares during the period. Finally, Private Advisor Group LLC increased its stake in shares of 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 valued at $1,928,000 after purchasing an additional 489,892 shares in the last quarter. 54.77% of the stock is owned by hedge funds and other institutional investors.
About MFS Government Markets Income Trust
(
Get Free Report)
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.
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