Mfs Govt Mkts (NYSE:MGF) Sees Large Increase in Short Interest

Mfs Govt Mkts (NYSE:MGF) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 33,332 shares, a growth of 100.6% from the December 15th total of 16,618 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 225,969 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 225,969 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Gilman Hill Asset Management LLC lifted its position in shares of Mfs Govt Mkts by 50.0% during the second quarter. Gilman Hill Asset Management LLC now owns 15,000 shares of the company’s stock worth $47,000 after acquiring an additional 5,000 shares in the last quarter. Consolidated Portfolio Review Corp lifted its holdings in Mfs Govt Mkts by 7.4% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 403,821 shares of the company’s stock worth $1,260,000 after purchasing an additional 27,768 shares in the last quarter. PVG Asset Management Corp bought a new position in Mfs Govt Mkts in the 2nd quarter worth about $94,000. Sheets Smith Investment Management bought a new position in Mfs Govt Mkts in the 3rd quarter worth about $90,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Mfs Govt Mkts by 20.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,155,974 shares of the company’s stock valued at $3,607,000 after buying an additional 195,101 shares in the last quarter. 54.77% of the stock is currently owned by hedge funds and other institutional investors.

Mfs Govt Mkts Trading Down 0.2%

Mfs Govt Mkts stock traded down $0.01 during midday trading on Friday, reaching $3.05. The stock had a trading volume of 90,941 shares, compared to its average volume of 124,531. Mfs Govt Mkts has a 12 month low of $2.96 and a 12 month high of $3.17. The firm’s 50-day moving average price is $3.06 and its 200 day moving average price is $3.08.

Mfs Govt Mkts Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Tuesday, January 20th will be given a $0.0191 dividend. The ex-dividend date of this dividend is Tuesday, January 20th. This represents a c) annualized dividend and a dividend yield of 7.5%.

About Mfs Govt Mkts

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.