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
First Trust Mortgage Income Fund Company Profile
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.
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