Short Interest in MFS Government Markets Income Trust (NYSE:MGF) Rises By 327.7%

MFS Government Markets Income Trust (NYSE:MGF) was the target of a large increase in short interest in September. As of September 30th, there was short interest totalling 109,500 shares, an increase of 327.7% from the September 15th total of 25,600 shares. Based on an average trading volume of 92,000 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Trading of MFS Government Markets Income Trust

A number of hedge funds have recently bought and sold shares of MGF. Karpus Management Inc. increased its position in shares of MFS Government Markets Income Trust by 47.5% in the first quarter. Karpus Management Inc. now owns 2,655,475 shares of the company’s stock worth $8,498,000 after acquiring an additional 854,941 shares in the last quarter. PVG Asset Management Corp acquired a new stake in MFS Government Markets Income Trust during the 2nd quarter valued at $1,440,000. Shaker Financial Services LLC purchased a new stake in shares of MFS Government Markets Income Trust in the second quarter valued at $688,000. Kraft Davis & Associates LLC acquired a new stake in shares of MFS Government Markets Income Trust in the first quarter worth $566,000. Finally, Wolverine Asset Management LLC acquired a new position in MFS Government Markets Income Trust during the second quarter valued at $302,000. 54.77% of the stock is owned by hedge funds and other institutional investors.

MFS Government Markets Income Trust Price Performance

Shares of MFS Government Markets Income Trust stock remained flat at $3.26 on Thursday. The stock had a trading volume of 31,724 shares, compared to its average volume of 98,591. MFS Government Markets Income Trust has a 12 month low of $2.91 and a 12 month high of $3.39. The business has a fifty day simple moving average of $3.23 and a two-hundred day simple moving average of $3.15.

MFS Government Markets Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.0204 per share. This represents a $0.24 annualized dividend and a yield of 7.52%. The ex-dividend date is Tuesday, October 15th. 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.