Mfs Govt Mkts (NYSE:MGF) Short Interest Update
by Teresa Graham · The Cerbat GemMfs Govt Mkts (NYSE:MGF – Get Free Report) was the recipient of a large decline in short interest in 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. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 85,137 shares, the short-interest ratio is presently 0.4 days.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in MGF. Benjamin Edwards Inc. bought a new position in shares of Mfs Govt Mkts in the third quarter worth approximately $78,000. BankPlus Wealth Management LLC purchased a new position in shares of Mfs Govt Mkts during the third quarter valued at approximately $48,000. Private Advisor Group LLC boosted its stake in shares of Mfs Govt Mkts by 4.5% during the 3rd quarter. Private Advisor Group LLC now owns 1,287,332 shares of the company’s stock worth $4,016,000 after acquiring an additional 55,894 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Mfs Govt Mkts by 7.8% in the 3rd quarter. Raymond James Financial Inc. now owns 303,194 shares of the company’s stock worth $946,000 after buying an additional 21,821 shares during the period. Finally, Mercer Global Advisors Inc. ADV bought a new position in Mfs Govt Mkts in the 3rd quarter worth $32,000. Institutional investors own 54.77% of the company’s stock.
Mfs Govt Mkts Trading Down 0.9%
Shares of MGF traded down $0.03 during trading hours on Friday, reaching $2.88. 25,225 shares of the company traded hands, compared to its average volume of 64,157. Mfs Govt Mkts has a 12 month low of $2.86 and a 12 month high of $3.14. The company’s fifty day moving average price is $2.93 and its two-hundred day moving average price is $3.00.
Mfs Govt Mkts Cuts Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be paid a dividend of $0.0187 per share. The ex-dividend date of this dividend is Tuesday, May 19th. 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.