New York Mortgage Trust, Inc. (NASDAQ:NYMTM) Short Interest Update

New York Mortgage Trust, Inc. (NASDAQ:NYMTM) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 18,200 shares, a growth of 27.3% from the February 28th total of 14,300 shares. Based on an average daily volume of 22,200 shares, the days-to-cover ratio is currently 0.8 days.

New York Mortgage Trust Trading Down 0.1 %

NASDAQ:NYMTM opened at $24.06 on Thursday. The firm’s fifty day moving average price is $25.00 and its two-hundred day moving average price is $24.86. New York Mortgage Trust has a one year low of $22.12 and a one year high of $25.39.

New York Mortgage Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $0.687 dividend. This is a boost from New York Mortgage Trust’s previous quarterly dividend of $0.49. This represents a $2.75 annualized dividend and a yield of 11.42%. The ex-dividend date is Tuesday, April 1st.

About New York Mortgage Trust

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets.