Short Interest in First Trust Mortgage Income Fund (NYSE:FMY) Expands By 20.2%

Posted by Shane Hupp on Dec 16th, 2024

First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) saw a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 19,600 shares, an increase of 20.2% from the November 15th total of 16,300 shares. Based on an average daily volume of 11,400 shares, the short-interest ratio is presently 1.7 days.

First Trust Mortgage Income Fund Stock Up 0.5 %

Shares of NYSE:FMY opened at $12.15 on Monday. The stock’s 50-day moving average price is $12.12 and its 200-day moving average price is $12.16. First Trust Mortgage Income Fund has a 12-month low of $11.47 and a 12-month high of $12.72.

First Trust Mortgage Income Fund Announces Dividend

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

Hedge Funds Weigh In On First Trust Mortgage Income Fund

An institutional investor recently bought a new position in First Trust Mortgage Income Fund stock. Comerica Bank bought a new position in First Trust Mortgage Income Fund (NYSE:FMY – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,827 shares of the company’s stock, valued at approximately $47,000.

About First Trust Mortgage Income Fund

(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.