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

First Trust Mortgage Income Fund (NYSE:FMY) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 2,686 shares, a decrease of 35.6% from the August 15th total of 4,171 shares. Based on an average trading volume of 3,989 shares, the short-interest ratio is presently 0.7 days.

First Trust Mortgage Income Fund Trading Down 2.4%

First Trust Mortgage Income Fund stock opened at $11.34 on Friday. The firm has a 50-day moving average of $11.60 and a 200-day moving average of $11.71. First Trust Mortgage Income Fund has a 1-year low of $11.21 and a 1-year high of $12.36.

First Trust Mortgage Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.065 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 6.9%.

Institutional Investors Weigh In On First Trust Mortgage Income Fund

An institutional investor recently raised its stake in First Trust Mortgage Income Fund stock. Sit Investment Associates Inc. grew its stake in shares of First Trust Mortgage Income Fund (NYSE:FMY) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,297,106 shares of the company’s stock after purchasing an additional 31,512 shares during the period. Sit Investment Associates Inc.’s holdings in First Trust Mortgage Income Fund were worth $27,910,000 as of its most recent SEC filing.

First Trust Mortgage Income Fund Company Profile

First Trust Mortgage Income Fund (NYSE:FMY) is a closed-end management investment company that seeks to provide high current income by investing primarily in a diversified portfolio of mortgage-related securities. The fund’s investment strategy focuses on residential and commercial mortgage-backed securities (MBS) issued or guaranteed by U.S. government agencies, government-sponsored entities and private issuers, as well as other mortgage-related assets such as collateralized mortgage obligations (CMOs) and mortgage passthrough securities.

Since commencing operations in mid-2002, FMY has employed a disciplined, fundamental research process to construct a portfolio designed to capture income opportunities across the U.S.