From MarketBeat:

MFS Government Markets Income Trust, (NYSE:MGF) has seen short interest drop by 53.0% in December, with 7,700 shares total and a days-to-cover ratio of 0.1 days based on an average trading volume of 54,200 shares. Hedge funds like NewEdge Advisors, Royal Bank of Canada, and Morgan Stanley significantly increased their holdings of MFS Government Markets Income Trust. The company’s stock is up 0.3%, trading at $3.23 per share.

MFS Government Markets Income Trust, with a 50-day simple moving average of $3.14 and a 200-day simple moving average of $3.13, saw an increase in its dividend, with shareholders receiving $0.0204 per share.

MFS Government Markets Income Trust is a close ended fixed income mutual fund managed by Massachusetts Financial Services Company, investing primarily in investment grade debt instruments. The fund’s significant drop in short interest and increasing dividend payout make it an attractive investment for those looking for steady income.



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