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

MFS Government Markets Income Trust (NYSE:MGF - Get Free Report) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 108,300 shares, a drop of 49.6% from the April 15th total of 215,000 shares. Based on an average daily trading volume, of 131,200 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MGF. Raymond James Financial Services Advisors Inc. raised its holdings in shares of MFS Government Markets Income Trust by 11.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 36,487 shares of the company's stock worth $116,000 after acquiring an additional 3,795 shares during the last quarter. L.M. Kohn & Company raised its stake in shares of MFS Government Markets Income Trust by 62.2% in the first quarter. L.M. Kohn & Company now owns 23,467 shares of the company's stock worth $75,000 after purchasing an additional 9,000 shares during the last quarter. Consolidated Portfolio Review Corp lifted its holdings in shares of MFS Government Markets Income Trust by 3.2% in the fourth quarter. Consolidated Portfolio Review Corp now owns 315,878 shares of the company's stock valued at $1,004,000 after purchasing an additional 9,682 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of MFS Government Markets Income Trust by 0.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,822,911 shares of the company's stock valued at $5,833,000 after buying an additional 15,576 shares during the last quarter. Finally, Significant Wealth Partners LLC bought a new stake in MFS Government Markets Income Trust during the fourth quarter worth $263,000. Institutional investors and hedge funds own 54.77% of the company's stock.

MFS Government Markets Income Trust Stock Performance

MFS Government Markets Income Trust stock traded up $0.01 during midday trading on Friday, reaching $3.08. The stock had a trading volume of 54,736 shares, compared to its average volume of 57,476. The company has a fifty day moving average price of $3.12 and a two-hundred day moving average price of $3.13. MFS Government Markets Income Trust has a 12 month low of $2.91 and a 12 month high of $3.34.

MFS Government Markets Income Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be issued a $0.0196 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 7.64%. The ex-dividend date of this dividend is Tuesday, May 14th.

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.