Short Interest in Mfs Govt Mkts (NYSE:MGF) Drops By 47.9%

Mfs Govt Mkts (NYSE:MGF) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 52,309 shares, a drop of 47.9% from the February 26th total of 100,397 shares. Based on an average trading volume of 144,454 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

Mfs Govt Mkts Trading Up 1.2%

Shares of MGF stock opened at $2.97 on Thursday. Mfs Govt Mkts has a 1 year low of $2.91 and a 1 year high of $3.17. The stock has a fifty day moving average of $3.00 and a two-hundred day moving average of $3.05.

Mfs Govt Mkts Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a dividend of $0.0191 per share. This is an increase from Mfs Govt Mkts’s previous monthly dividend of $0.02. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Tuesday, March 17th.

Institutional Investors Weigh In On Mfs Govt Mkts

Several institutional investors have recently bought and sold shares of the stock. PVG Asset Management Corp bought a new position in Mfs Govt Mkts in the 2nd quarter valued at about $94,000. Sheets Smith Investment Management bought a new stake in shares of Mfs Govt Mkts during the 3rd quarter worth about $90,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Mfs Govt Mkts by 20.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,155,974 shares of the company’s stock worth $3,607,000 after acquiring an additional 195,101 shares during the period. Benjamin Edwards Inc. bought a new position in shares of Mfs Govt Mkts in the third quarter valued at approximately $78,000. Finally, BankPlus Wealth Management LLC bought a new position in shares of Mfs Govt Mkts in the third quarter valued at approximately $48,000. Institutional investors and hedge funds own 54.77% of the company’s stock.

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.