Short Interest in Mfs Govt Mkts (NYSE:MGF) Decreases By 40.0%

Mfs Govt Mkts (NYSE:MGF) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 16,618 shares, a drop of 40.0% from the November 30th total of 27,706 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 50,177 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 50,177 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Mfs Govt Mkts

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Susquehanna International Group LLP acquired a new position in shares of Mfs Govt Mkts in the 3rd quarter valued at approximately $49,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Mfs Govt Mkts in the third quarter worth $32,000. Raymond James Financial Inc. raised its holdings in Mfs Govt Mkts by 7.8% in the third quarter. Raymond James Financial Inc. now owns 303,194 shares of the company’s stock valued at $946,000 after acquiring an additional 21,821 shares in the last quarter. Private Advisor Group LLC raised its holdings in Mfs Govt Mkts by 4.5% in the third quarter. Private Advisor Group LLC now owns 1,287,332 shares of the company’s stock valued at $4,016,000 after acquiring an additional 55,894 shares in the last quarter. Finally, BankPlus Wealth Management LLC bought a new position in Mfs Govt Mkts during the 3rd quarter valued at $48,000. 54.77% of the stock is currently owned by hedge funds and other institutional investors.

Mfs Govt Mkts Stock Performance

MGF stock traded up $0.01 during trading on Monday, reaching $3.03. The stock had a trading volume of 115,342 shares, compared to its average volume of 143,081. The firm has a fifty day moving average price of $3.07 and a 200 day moving average price of $3.08. Mfs Govt Mkts has a 1-year low of $2.95 and a 1-year high of $3.17.

Mfs Govt Mkts Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $0.0193 dividend. The ex-dividend date is Tuesday, December 16th. This represents a c) annualized dividend and a dividend yield of 7.6%.

Mfs Govt Mkts Company Profile

MFS Government Markets Fund (NYSE: MGF) is a closed-end management investment company that seeks to provide current income consistent with preservation of capital and liquidity by investing primarily in U.S. government and government-related debt securities. The fund’s portfolio typically consists of U.S. Treasury obligations, agency securities and repurchase agreements collateralized by government-backed instruments. By concentrating on high-quality, sovereign-issued fixed income, MGF aims to offer investors relatively stable returns while minimizing exposure to credit risk.

The fund employs a disciplined, yield-curve-aware approach, blending short-term and intermediate-term maturities to balance income generation with interest-rate sensitivity.