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

First Trust Mortgage Income Fund (NYSE:FMY) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 20,400 shares, a growth of 47.8% from the October 15th total of 13,800 shares. Based on an average daily trading volume, of 12,900 shares, the days-to-cover ratio is currently 1.6 days.

First Trust Mortgage Income Fund Stock Down 0.7 %

NYSE:FMY traded down $0.09 on Friday, reaching $11.85. 3,157 shares of the company’s stock were exchanged, compared to its average volume of 9,019. First Trust Mortgage Income Fund has a 52-week low of $11.13 and a 52-week high of $12.72. The business has a fifty day moving average of $12.25 and a 200-day moving average of $12.13.

First Trust Mortgage Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a $0.075 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.90 annualized dividend and a dividend yield of 7.59%.

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 purchased a new stake in First Trust Mortgage Income Fund (NYSE:FMY) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,827 shares of the company’s stock, valued at approximately $47,000.

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.