First Trust Mortgage Income Fund (NYSE:FMY) Stock Short Interest Report for September

First Trust Mortgage Income Fund (NYSE:FMY) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 2,595 shares, a decrease of 48.3% from the September 15th total of 5,022 shares. Based on an average daily volume of 3,337 shares, the short-interest ratio is presently 0.8 days.

First Trust Mortgage Income Fund Trading Up 0.9%

NYSE FMY traded up $0.10 during trading hours on Wednesday, hitting $11.00. 714 shares of the company’s stock were exchanged, compared to its average volume of 4,937. The stock has a 50-day simple moving average of $11.45 and a 200 day simple moving average of $11.64. First Trust Mortgage Income Fund has a 1-year low of $10.67 and a 1-year high of $12.36.

First Trust Mortgage Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.0650 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Thursday, October 1st.

Hedge Funds Weigh In On First Trust Mortgage Income Fund

An institutional investor recently raised its position in First Trust Mortgage Income Fund stock. Sit Investment Associates Inc. boosted its holdings in First Trust Mortgage Income Fund (NYSE:FMY) by 1.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,297,106 shares of the company’s stock after acquiring an additional 31,512 shares during the quarter. Sit Investment Associates Inc.’s holdings in First Trust Mortgage Income Fund were worth $27,910,000 at the end of the most recent quarter.

About First Trust Mortgage Income Fund

First Trust Mortgage Income Fund is a diversified, closed-end investment company listed on the New York Stock Exchange under the symbol FMY. The fund is designed to provide investors with a high level of current income, with long-term capital appreciation serving as a secondary objective.

The fund invests primarily in mortgage-related securities, including residential and commercial mortgage-backed securities and other instruments linked to mortgage credit. Its portfolio may include both agency and non-agency securities, allowing the fund to pursue income across different segments of the mortgage market while managing credit, interest-rate and prepayment risks.

First Trust Mortgage Income Fund is advised by First Trust Advisors L.P., an investment management firm affiliated with First Trust.