Mfs Govt Mkts (NYSE:MGF) Short Interest Update

Key Points

• Mfs Govt Mkts experienced a significant decline in short interest in August, dropping by 51.8% from 22,800 shares to 11,000 shares, resulting in a short-interest ratio of 0.2 days.
• A number of institutional investors have increased their holdings in Mfs Govt Mkts, with 54.77% of the stock now owned by institutional investors and hedge funds.
• The company has announced a dividend increase to $0.0192 per share, representing an annual yield of 7.4%, payable on September 30th.

Mfs Govt Mkts (NYSE:MGF - ) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 11,000 shares, a decline of 51.8% from the August 15th total of 22,800 shares. Based on an average daily volume of 71,900 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company's shares are sold short. Approximately 0.0% of the company's shares are sold short. Based on an average daily volume of 71,900 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MGF. Private Advisor Group LLC boosted its position in shares of Mfs Govt Mkts by 33.6% during the first quarter. Private Advisor Group LLC now owns 839,285 shares of the company's stock worth $2,661,000 after buying an additional 211,293 shares during the period. Sit Investment Associates Inc. raised its holdings in Mfs Govt Mkts by 1.5% during the first 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. PVG Asset Management Corp bought a new stake in Mfs Govt Mkts during the second quarter worth about $94,000. Consolidated Portfolio Review Corp raised its holdings in Mfs Govt Mkts by 8.5% during the first quarter. Consolidated Portfolio Review Corp now owns 376,053 shares of the company's stock worth $1,192,000 after acquiring an additional 29,505 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC raised its holdings in Mfs Govt Mkts by 35.6% during the first 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. 54.77% of the stock is owned by institutional investors and hedge funds.

Mfs Govt Mkts Trading Up 0.3%

MGF stock opened at $3.12 on Friday. The business's 50-day moving average price is $3.09 and its two-hundred day moving average price is $3.09. Mfs Govt Mkts has a 1-year low of $2.95 and a 1-year high of $3.39.

Mfs Govt Mkts Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.0192 per share. This is an increase from Mfs Govt Mkts's previous monthly dividend of $0.02. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Tuesday, September 16th.

About Mfs Govt Mkts

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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