Mfs Govt Mkts (NYSE:MGF) Stock Short Interest Declines 70.6%

Mfs Govt Mkts (NYSE:MGF) saw a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 2,799 shares, a drop of 70.6% from the October 15th total of 9,516 shares. Based on an average daily volume of 19,521 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Mfs Govt Mkts

Institutional investors and hedge funds have recently bought and sold shares of the stock. Csenge Advisory Group grew its position in Mfs Govt Mkts by 15.8% in the third quarter. Csenge Advisory Group now owns 56,169 shares of the company’s stock valued at $152,000 after acquiring an additional 7,667 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Mfs Govt Mkts by 0.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,381,634 shares of the company’s stock valued at $3,744,000 after purchasing an additional 6,441 shares during the period. 1607 Capital Partners LLC boosted its stake in shares of Mfs Govt Mkts by 5.0% in the second quarter. 1607 Capital Partners LLC now owns 2,392,698 shares of the company’s stock valued at $6,867,000 after purchasing an additional 113,961 shares during the period. Citadel Advisors LLC boosted its stake in shares of Mfs Govt Mkts by 606.8% in the second quarter. Citadel Advisors LLC now owns 75,970 shares of the company’s stock valued at $218,000 after purchasing an additional 65,222 shares during the period. Finally, Ameritas Advisory Services LLC boosted its stake in shares of Mfs Govt Mkts by 44.5% in the second quarter. Ameritas Advisory Services LLC now owns 139,560 shares of the company’s stock valued at $401,000 after purchasing an additional 42,989 shares during the period. Hedge funds and other institutional investors own 54.77% of the company’s stock.

Mfs Govt Mkts Trading Down 0.0%

Shares of MGF traded down $0.01 during midday trading on Friday, reaching $13.62. 19,515 shares of the company were exchanged, compared to its average volume of 16,423. Mfs Govt Mkts has a 1-year low of $13.20 and a 1-year high of $15.65. The stock has a 50-day moving average price of $13.65 and a 200-day moving average price of $14.29.

Mfs Govt Mkts Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be issued a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a dividend yield of 7.9%. The ex-dividend date is Friday, November 20th. This is a decrease from Mfs Govt Mkts’s previous monthly dividend of $0.10.

Mfs Govt Mkts Company Profile

MFS Government Markets Income Trust (NYSE: MGF) is a closed-end investment fund, rather than an operating company. Its objective is to provide high current income while seeking to preserve capital. The fund invests primarily in U.S. government securities, including obligations issued or guaranteed by the U.S. government and its agencies. Its portfolio may include government-related mortgage-backed securities. MFS Investment Management serves as the fund’s investment adviser. The fund’s investment focus is on U.S. government and agency markets.