Short Interest in Mfs Govt Mkts (NYSE:MGF) Declines By 40.9%

Mfs Govt Mkts (NYSE:MGF) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 22,321 shares, a decrease of 40.9% from the April 30th total of 37,741 shares. Based on an average trading volume of 66,168 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Mfs Govt Mkts

Several hedge funds have recently bought and sold shares of the business. Rivernorth Capital Management LLC bought a new stake in shares of Mfs Govt Mkts in the first quarter valued at about $257,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Mfs Govt Mkts by 0.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,166,824 shares of the company’s stock valued at $3,430,000 after purchasing an additional 10,850 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Mfs Govt Mkts by 3.6% in the 1st quarter. Private Advisor Group LLC now owns 1,425,641 shares of the company’s stock worth $4,191,000 after purchasing an additional 49,552 shares during the period. TrueMark Investments LLC purchased a new stake in shares of Mfs Govt Mkts in the 1st quarter worth approximately $178,000. Finally, TMB Capital Partners LLC bought a new position in shares of Mfs Govt Mkts during the fourth quarter valued at approximately $30,000. Institutional investors own 54.77% of the company’s stock.

Mfs Govt Mkts Trading Up 0.5%

NYSE MGF traded up $0.02 during trading hours on Thursday, hitting $2.86. 3,941 shares of the company were exchanged, compared to its average volume of 83,596. Mfs Govt Mkts has a 52 week low of $2.82 and a 52 week high of $3.14. The stock has a 50-day moving average price of $2.90 and a 200 day moving average price of $2.98.

Mfs Govt Mkts Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a $0.0185 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a c) annualized dividend and a yield of 7.8%.

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.