Mfs Govt Mkts (NYSE:MGF) Sees Significant Decline in Short Interest
by Teresa Graham · The Cerbat GemMfs Govt Mkts (NYSE:MGF – Get Free Report) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 16,618 shares, a drop of 40.0% from the November 30th total of 27,706 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 50,177 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 50,177 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are sold short.
Mfs Govt Mkts Stock Down 0.2%
Shares of NYSE:MGF traded down $0.01 during midday trading on Tuesday, reaching $3.04. The company’s stock had a trading volume of 25,486 shares, compared to its average volume of 64,808. The firm has a 50 day moving average of $3.07 and a 200-day moving average of $3.08. Mfs Govt Mkts has a 12-month low of $2.95 and a 12-month high of $3.17.
Mfs Govt Mkts Cuts Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a $0.0193 dividend. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is Tuesday, December 16th.
Hedge Funds Weigh In On Mfs Govt Mkts
Several large investors have recently made changes to their positions in the business. Private Advisor Group LLC grew its stake in shares of Mfs Govt Mkts by 4.5% in the 3rd quarter. Private Advisor Group LLC now owns 1,287,332 shares of the company’s stock worth $4,016,000 after buying an additional 55,894 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Mfs Govt Mkts by 20.3% in the third 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 last quarter. Consolidated Portfolio Review Corp grew its stake in shares of Mfs Govt Mkts by 7.4% in the second quarter. Consolidated Portfolio Review Corp now owns 403,821 shares of the company’s stock worth $1,260,000 after acquiring an additional 27,768 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of Mfs Govt Mkts by 7.8% during the third quarter. Raymond James Financial Inc. now owns 303,194 shares of the company’s stock valued at $946,000 after acquiring an additional 21,821 shares in the last quarter. Finally, PVG Asset Management Corp purchased a new position in shares of Mfs Govt Mkts in the 2nd quarter worth about $94,000. 54.77% of the stock is currently owned by hedge funds and other institutional investors.
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.