Mfs Govt Mkts (NYSE:MGF – Get Free Report) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 33,094 shares, an increase of 137.3% from the June 15th total of 13,947 shares. Based on an average daily volume of 142,149 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC raised its stake in 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 worth $4,191,000 after acquiring an additional 49,552 shares in the last quarter. Summit Financial LLC boosted its stake in shares of Mfs Govt Mkts by 4.4% in the 4th quarter. Summit Financial LLC now owns 1,362,236 shares of the company’s stock valued at $4,121,000 after purchasing an additional 57,180 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Mfs Govt Mkts by 0.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,166,824 shares of the company’s stock valued at $3,430,000 after purchasing an additional 10,850 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of 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 purchasing an additional 21,821 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC grew its holdings in shares of Mfs Govt Mkts by 12.6% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 101,447 shares of the company’s stock worth $291,000 after purchasing an additional 11,365 shares during the last quarter. 54.77% of the stock is currently owned by institutional investors and hedge funds.
Mfs Govt Mkts Trading Down 0.3%
Shares of MGF traded down $0.01 during mid-day trading on Tuesday, reaching $2.85. The company had a trading volume of 621 shares, compared to its average volume of 89,826. Mfs Govt Mkts has a twelve month low of $2.80 and a twelve month high of $3.14. The company’s 50-day moving average is $2.86 and its 200-day moving average is $2.94.
Mfs Govt Mkts Increases Dividend
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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