Short Interest in MFS Government Markets Income Trust (NYSE:MGF) Grows By 134.1%

MFS Government Markets Income Trust (NYSE:MGF) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 30,900 shares, a growth of 134.1% from the January 31st total of 13,200 shares. Based on an average daily volume of 57,100 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of MFS Government Markets Income Trust

Several institutional investors and hedge funds have recently modified their holdings of the company. Private Advisor Group LLC purchased a new stake in shares of MFS Government Markets Income Trust in the third quarter worth approximately $457,000. L.M. Kohn & Company acquired a new stake in shares of MFS Government Markets Income Trust during the 3rd quarter valued at about $78,000. MML Investors Services LLC boosted its holdings in MFS Government Markets Income Trust by 3.1% in the 3rd quarter. MML Investors Services LLC now owns 109,152 shares of the company’s stock worth $361,000 after buying an additional 3,283 shares during the last quarter. Ameritas Advisory Services LLC boosted its holdings in shares of MFS Government Markets Income Trust by 4.4% during the 4th quarter. Ameritas Advisory Services LLC now owns 144,890 shares of the company’s stock worth $445,000 after purchasing an additional 6,140 shares during the last quarter. Finally, Gilman Hill Asset Management LLC purchased a new stake in shares of MFS Government Markets Income Trust during the 4th quarter valued at approximately $31,000. 54.77% of the stock is currently owned by institutional investors.

MFS Government Markets Income Trust Stock Performance

MGF stock traded up $0.01 during midday trading on Friday, hitting $3.12. The company had a trading volume of 49,481 shares, compared to its average volume of 41,487. The stock’s 50 day moving average price is $3.08 and its 200 day moving average price is $3.15. MFS Government Markets Income Trust has a 52 week low of $2.95 and a 52 week high of $3.39.

MFS Government Markets Income Trust Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a $0.0192 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 7.38%. The ex-dividend date of this dividend was Tuesday, February 18th.

About MFS Government Markets Income Trust

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.