First Trust Mortgage Income Fund (NYSE:FMY) Short Interest Update

Posted by Defense World Staff on Sep 30th, 2024

First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 14,200 shares, an increase of 35.2% from the August 31st total of 10,500 shares. Based on an average daily trading volume, of 6,900 shares, the short-interest ratio is presently 2.1 days.

Institutional Investors Weigh In On First Trust Mortgage Income Fund

A hedge fund recently bought a new stake in First Trust Mortgage Income Fund stock. Comerica Bank bought a new position in First Trust Mortgage Income Fund (NYSE:FMY – Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,827 shares of the company’s stock, valued at approximately $47,000.

First Trust Mortgage Income Fund Price Performance

Shares of NYSE:FMY traded up $0.15 during trading on Friday, reaching $12.57. The company had a trading volume of 8,514 shares, compared to its average volume of 7,678. The company has a fifty day moving average of $12.34 and a two-hundred day moving average of $12.06. First Trust Mortgage Income Fund has a 12 month low of $10.71 and a 12 month high of $12.63.

First Trust Mortgage Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.075 per share. The ex-dividend date is Tuesday, October 1st. This represents a $0.90 dividend on an annualized basis and a yield of 7.16%.

First Trust Mortgage Income Fund Company Profile

(Get Free Report)

First Trust Mortgage Income Fund is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Brookfield Investment Management Inc The fund invests in fixed income markets. It seeks to invest in fixed income securities including mortgage-backed securities, consisting of pass-through certificates, collateralized mortgage obligations, residential mortgage-backed securities, and commercial mortgage-backed securities.