First Trust Mortgage Income Fund (NYSE:FMY) Sees Significant Growth in Short Interest

Posted by Joseph McCarthy on Dec 16th, 2024

First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) saw a large increase in short interest in 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 trading volume, of 11,400 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Investors 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 stake in shares of First Trust Mortgage Income Fund (NYSE:FMY – Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,827 shares of the company’s stock, valued at approximately $47,000.

First Trust Mortgage Income Fund Stock Up 0.5 %

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

First Trust Mortgage Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.075 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.41%.

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.