Mfs Govt Mkts (NYSE:MGF – Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 74,959 shares, a growth of 158.3% from the August 15th total of 29,018 shares. Based on an average daily volume of 70,888 shares, the short-interest ratio is presently 1.1 days. Currently, 0.2% of the company’s stock are sold short.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of MGF. 1607 Capital Partners LLC boosted its holdings in Mfs Govt Mkts by 5.0% during the 2nd quarter. 1607 Capital Partners LLC now owns 2,392,698 shares of the company’s stock worth $6,867,000 after acquiring an additional 113,961 shares during the last quarter. Rivernorth Capital Management LLC purchased a new stake in shares of Mfs Govt Mkts in the first quarter valued at about $257,000. Citadel Advisors LLC raised its holdings in shares of Mfs Govt Mkts by 606.8% in the second quarter. Citadel Advisors LLC now owns 75,970 shares of the company’s stock valued at $218,000 after purchasing an additional 65,222 shares during the last quarter. TrueMark Investments LLC bought a new position in shares of Mfs Govt Mkts during the first quarter valued at about $178,000. Finally, Private Advisor Group LLC lifted its position in shares of Mfs Govt Mkts by 3.6% during the first quarter. Private Advisor Group LLC now owns 1,425,641 shares of the company’s stock valued at $4,191,000 after purchasing an additional 49,552 shares in the last quarter. Hedge funds and other institutional investors own 54.77% of the company’s stock.
Mfs Govt Mkts Stock Performance
Shares of MGF traded down $0.01 during trading hours on Tuesday, hitting $2.75. The stock had a trading volume of 407 shares, compared to its average volume of 85,092. Mfs Govt Mkts has a 1-year low of $2.72 and a 1-year high of $3.13. The firm has a 50 day simple moving average of $2.83 and a 200-day simple moving average of $2.88.
Mfs Govt Mkts Dividend Announcement
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.
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