MFS Government Markets Income Trust (NYSE:MGF) Short Interest Down 43.6% in November

MFS Government Markets Income Trust (NYSE:MGF) was the recipient of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 64,200 shares, a drop of 43.6% from the October 31st total of 113,900 shares. Based on an average trading volume of 73,700 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of MFS Government Markets Income Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the company. WMG Financial Advisors LLC bought a new position in MFS Government Markets Income Trust in the second quarter valued at approximately $31,000. Dynamic Advisor Solutions LLC bought a new position in shares of MFS Government Markets Income Trust in the 3rd quarter valued at $76,000. L.M. Kohn & Company acquired a new position in shares of MFS Government Markets Income Trust during the 3rd quarter worth $78,000. Wolverine Asset Management LLC bought a new stake in shares of MFS Government Markets Income Trust during the 2nd quarter worth $302,000. Finally, MML Investors Services LLC lifted its position in shares of MFS Government Markets Income Trust by 3.1% during the 3rd quarter. MML Investors Services LLC now owns 109,152 shares of the company’s stock worth $361,000 after buying an additional 3,283 shares during the last quarter. Institutional investors own 54.77% of the company’s stock.

MFS Government Markets Income Trust Stock Performance

Shares of NYSE:MGF remained flat at $3.09 during trading on Thursday. The stock had a trading volume of 136,265 shares, compared to its average volume of 95,322. MFS Government Markets Income Trust has a 1 year low of $3.02 and a 1 year high of $3.39. The business’s 50 day moving average price is $3.19 and its 200 day moving average price is $3.15.

MFS Government Markets Income Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 12th will be issued a $0.0199 dividend. This represents a $0.24 annualized dividend and a yield of 7.72%. The ex-dividend date of this dividend is Tuesday, November 12th.

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.