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

Posted by Maria Luz-Campos on Dec 1st, 2024

First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) was the recipient of a large decline in short interest in November. As of November 15th, there was short interest totalling 16,300 shares, a decline of 20.1% from the October 31st total of 20,400 shares. Based on an average daily volume of 12,200 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of First Trust Mortgage Income Fund

A hedge fund recently bought a new stake in First Trust Mortgage Income Fund stock. Comerica Bank acquired a new position in shares of First Trust Mortgage Income Fund (NYSE:FMY – Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 3,827 shares of the company’s stock, valued at approximately $47,000.

First Trust Mortgage Income Fund Trading Up 1.1 %

Shares of FMY stock traded up $0.13 during trading hours on Friday, hitting $12.42. 2,759 shares of the company’s stock were exchanged, compared to its average volume of 8,858. First Trust Mortgage Income Fund has a fifty-two week low of $11.13 and a fifty-two week high of $12.72. The firm has a 50 day moving average of $12.18 and a two-hundred day moving average of $12.14.

First Trust Mortgage Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.075 per share. This represents a $0.90 annualized dividend and a yield of 7.25%. The ex-dividend date of this dividend is Monday, December 2nd.

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.