Mfs Govt Mkts (NYSE:MGF) Short Interest Up 100.6% in December

Mfs Govt Mkts (NYSE:MGF) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 33,332 shares, an increase of 100.6% from the December 15th total of 16,618 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 225,969 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 225,969 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Mfs Govt Mkts

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV acquired a new stake in Mfs Govt Mkts in the 3rd quarter valued at $32,000. Gilman Hill Asset Management LLC boosted its position in shares of Mfs Govt Mkts by 50.0% in the second quarter. Gilman Hill Asset Management LLC now owns 15,000 shares of the company’s stock worth $47,000 after buying an additional 5,000 shares during the period. BankPlus Wealth Management LLC purchased a new stake in shares of Mfs Govt Mkts in the third quarter worth about $48,000. Susquehanna International Group LLP acquired a new stake in shares of Mfs Govt Mkts in the third quarter valued at about $49,000. Finally, Benjamin Edwards Inc. purchased a new stake in shares of Mfs Govt Mkts during the 3rd quarter valued at about $78,000. Institutional investors and hedge funds own 54.77% of the company’s stock.

Mfs Govt Mkts Stock Performance

Shares of NYSE:MGF opened at $3.05 on Thursday. The stock has a 50-day simple moving average of $3.06 and a 200-day simple moving average of $3.08. Mfs Govt Mkts has a 1 year low of $2.95 and a 1 year high of $3.17.

Mfs Govt Mkts Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Tuesday, January 20th will be given a $0.0191 dividend. The ex-dividend date of this dividend is Tuesday, January 20th. This represents a c) annualized dividend and a dividend yield of 7.5%.

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.