Mfs Govt Mkts (NYSE:MGF) Short Interest Update

Key Points

• Short interest plunged 47.9% to 52,309 shares as of March 13, leaving a days-to-cover ratio of 0.4 and roughly 0.2% of the float shorted.
• The fund declared a monthly dividend of $0.0191 per share (ex-dividend March 17, payable March 31), which the article states implies about a 7.7% yield.
• Institutional investors own about 54.77% of the stock, with several firms (including Private Advisor Group and Cetera) increasing or initiating positions in the fourth quarter.

Mfs Govt Mkts (NYSE:MGF - Get Free Report) was the target of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 52,309 shares, a decline of 47.9% from the February 26th total of 100,397 shares. Based on an average daily volume of 144,454 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Mfs Govt Mkts Stock Up 1.2%

Shares of NYSE MGF opened at $2.97 on Thursday. Mfs Govt Mkts has a 1-year low of $2.91 and a 1-year high of $3.17. The business's fifty day moving average price is $3.00 and its two-hundred day moving average price is $3.05.

Mfs Govt Mkts Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.0191 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 7.7%. The ex-dividend date is Tuesday, March 17th.

Institutional Trading of Mfs Govt Mkts

Hedge funds have recently bought and sold shares of the company. TMB Capital Partners LLC acquired a new position in Mfs Govt Mkts during the 4th quarter valued at about $30,000. Cetera Investment Advisers increased its stake in shares of Mfs Govt Mkts by 44.8% in the fourth quarter. Cetera Investment Advisers now owns 14,950 shares of the company's stock valued at $45,000 after purchasing an additional 4,624 shares during the period. Private Advisor Group LLC raised its holdings in shares of Mfs Govt Mkts by 6.9% during the fourth quarter. Private Advisor Group LLC now owns 1,376,089 shares of the company's stock valued at $4,163,000 after buying an additional 88,757 shares during the last quarter. Summit Financial LLC raised its holdings in shares of Mfs Govt Mkts by 4.4% during the fourth quarter. Summit Financial LLC now owns 1,362,236 shares of the company's stock valued at $4,121,000 after buying an additional 57,180 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Mfs Govt Mkts during the fourth quarter worth approximately $72,000. 54.77% of the stock is currently owned by institutional investors.

About Mfs Govt Mkts

MFS Government Markets Fund NYSE: MGF is a closed-end management investment company that seeks to provide current income consistent with preservation of capital and liquidity by investing primarily in U.S. government and government-related debt securities. The fund's portfolio typically consists of U.S. Treasury obligations, agency securities and repurchase agreements collateralized by government-backed instruments. By concentrating on high-quality, sovereign-issued fixed income, MGF aims to offer investors relatively stable returns while minimizing exposure to credit risk.

The fund employs a disciplined, yield-curve-aware approach, blending short-term and intermediate-term maturities to balance income generation with interest-rate sensitivity.

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