MFS Government Markets Income Trust (NYSE:MGF) Short Interest Down 22.7% in February

MFS Government Markets Income Trust (NYSE:MGF) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 23,900 shares, a drop of 22.7% from the February 13th total of 30,900 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 51,800 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. MML Investors Services LLC increased its holdings in shares of MFS Government Markets Income Trust by 3.1% in the third 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 period. Private Advisor Group LLC increased its holdings in shares of MFS Government Markets Income Trust by 354.7% in the fourth quarter. Private Advisor Group LLC now owns 627,992 shares of the company’s stock worth $1,928,000 after buying an additional 489,892 shares during the period. Gilman Hill Asset Management LLC purchased a new position in shares of MFS Government Markets Income Trust in the fourth quarter worth about $31,000. Consolidated Portfolio Review Corp increased its holdings in shares of MFS Government Markets Income Trust by 5.5% in the fourth quarter. Consolidated Portfolio Review Corp now owns 346,548 shares of the company’s stock worth $1,064,000 after buying an additional 18,179 shares during the period. Finally, Dynamic Advisor Solutions LLC increased its holdings in shares of MFS Government Markets Income Trust by 106.5% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 47,241 shares of the company’s stock worth $145,000 after buying an additional 24,364 shares during the period. Hedge funds and other institutional investors own 54.77% of the company’s stock.

MFS Government Markets Income Trust Stock Down 0.6 %

Shares of MGF traded down $0.02 during trading hours on Tuesday, hitting $3.12. The company had a trading volume of 31,650 shares, compared to its average volume of 80,988. The stock’s 50 day moving average price is $3.09 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 Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be issued a $0.0193 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.23 annualized dividend and a dividend yield of 7.43%. This is an increase from MFS Government Markets Income Trust’s previous monthly dividend of $0.02.

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.