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

First Trust Mortgage Income Fund (NYSE:FMY) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 19,600 shares, a growth of 20.2% from the November 15th total of 16,300 shares. Based on an average daily volume of 11,400 shares, the days-to-cover ratio is currently 1.7 days.

First Trust Mortgage Income Fund Price Performance

FMY stock opened at $12.15 on Monday. The firm has a 50 day simple moving average of $12.12 and a two-hundred day simple moving average of $12.16. First Trust Mortgage Income Fund has a one year low of $11.47 and a one year high of $12.72.

First Trust Mortgage Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.075 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.90 annualized dividend and a yield of 7.41%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in First Trust Mortgage Income Fund stock. Comerica Bank acquired a new position in First Trust Mortgage Income Fund (NYSE:FMY) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,827 shares of the company’s stock, valued at approximately $47,000.

About First Trust Mortgage Income Fund

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.