Mfs Govt Mkts (NYSE:MGF) Sees Significant Decline in Short Interest

Mfs Govt Mkts (NYSE:MGF) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 37,741 shares, a decline of 51.4% from the April 15th total of 77,681 shares. Based on an average daily trading volume, of 85,137 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Private Advisor Group LLC grew its holdings in Mfs Govt Mkts by 3.6% during the 1st quarter. Private Advisor Group LLC now owns 1,425,641 shares of the company’s stock worth $4,191,000 after acquiring an additional 49,552 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Mfs Govt Mkts by 0.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,166,824 shares of the company’s stock worth $3,430,000 after acquiring an additional 10,850 shares in the last quarter. TMB Capital Partners LLC acquired a new position in Mfs Govt Mkts during the 4th quarter worth $30,000. Cetera Investment Advisers grew its holdings in Mfs Govt Mkts by 44.8% during the 4th quarter. Cetera Investment Advisers now owns 14,950 shares of the company’s stock worth $45,000 after acquiring an additional 4,624 shares in the last quarter. Finally, Summit Financial LLC grew its holdings in Mfs Govt Mkts by 4.4% during the 4th quarter. Summit Financial LLC now owns 1,362,236 shares of the company’s stock worth $4,121,000 after acquiring an additional 57,180 shares in the last quarter. 54.77% of the stock is owned by institutional investors and hedge funds.

Mfs Govt Mkts Stock Up 0.2%

Mfs Govt Mkts stock opened at $2.88 on Monday. Mfs Govt Mkts has a 12-month low of $2.86 and a 12-month high of $3.14. The firm’s fifty day moving average price is $2.93 and its 200 day moving average price is $3.00.

Mfs Govt Mkts Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th will be issued a dividend of $0.0187 per share. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Tuesday, May 19th.

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.