Mfs Govt Mkts (NYSE:MGF) Stock Short Interest Report for September

Mfs Govt Mkts (NYSE:MGF) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 46,943 shares, a growth of 161.0% from the September 15th total of 17,985 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 42,567 shares, the short-interest ratio is presently 1.1 days.

Institutional Investors Weigh In On Mfs Govt Mkts

Hedge funds have recently added to or reduced their stakes in the business. TrueMark Investments LLC acquired a new stake in shares of Mfs Govt Mkts in the first quarter valued at approximately $178,000. 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 buying an additional 65,222 shares during the period. Rivernorth Capital Management LLC bought a new stake in shares of Mfs Govt Mkts in the first quarter valued at approximately $257,000. Fortitude Advisory Group L.L.C. grew its position in Mfs Govt Mkts by 7.4% during the second quarter. Fortitude Advisory Group L.L.C. now owns 90,114 shares of the company’s stock worth $259,000 after buying an additional 6,185 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC grew its position in Mfs Govt Mkts by 12.6% during the second quarter. Dynamic Advisor Solutions LLC now owns 101,447 shares of the company’s stock worth $291,000 after buying an additional 11,365 shares in the last quarter. Institutional investors and hedge funds own 54.77% of the company’s stock.

Mfs Govt Mkts Stock Down 2.0%

MGF stock traded down $0.28 during midday trading on Tuesday, hitting $13.34. The company’s stock had a trading volume of 17,784 shares, compared to its average volume of 16,400. The company’s fifty day moving average price is $13.96 and its 200 day moving average price is $14.22. Mfs Govt Mkts has a twelve month low of $13.20 and a twelve month high of $15.65.

Mfs Govt Mkts Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 23rd will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 9.0%. This is a boost from Mfs Govt Mkts’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Friday, October 23rd.

About Mfs Govt Mkts

MFS Government Markets Income Trust (NYSE: MGF) is a closed-end investment fund managed by MFS Investment Management. The fund seeks to provide current income by investing primarily in securities issued or guaranteed by the U.S. government, its agencies and instrumentalities, as well as other government-related fixed-income investments.

The portfolio may include U.S. Treasury securities, mortgage-related securities issued or guaranteed by government-sponsored entities, and other debt instruments considered consistent with the fund’s investment objective.