Mfs Govt Mkts (NYSE:MGF) Short Interest Down 51.8% in August

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 - Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 11,000 shares, a decrease 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 short sold. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 71,900 shares, the short-interest ratio is presently 0.2 days.

Mfs Govt Mkts Stock Performance

MGF stock traded down $0.01 on Thursday, hitting $3.10. 23,996 shares of the company were exchanged, compared to its average volume of 61,389. Mfs Govt Mkts has a twelve month low of $2.95 and a twelve month high of $3.39. The business's fifty day moving average is $3.09 and its two-hundred day moving average is $3.09.

Mfs Govt Mkts Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a dividend of $0.0192 per share. This represents a c) annualized dividend and a yield of 7.5%. This is a positive change from Mfs Govt Mkts's previous monthly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, September 16th.

Hedge Funds Weigh In On Mfs Govt Mkts

Institutional investors and hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC grew its stake in 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. grew its stake 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 buying an additional 124,002 shares during the period. PVG Asset Management Corp purchased a new stake in Mfs Govt Mkts during the second quarter worth approximately $94,000. Consolidated Portfolio Review Corp grew its stake 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 buying an additional 29,505 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its stake 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 buying an additional 16,815 shares during the period. Institutional investors and hedge funds own 54.77% of the company's stock.

Mfs Govt Mkts 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.