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

First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 5,022 shares, an increase of 87.0% from the August 31st total of 2,686 shares. Based on an average trading volume of 3,528 shares, the short-interest ratio is currently 1.4 days.

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 – Free Report) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,297,106 shares of the company’s stock after buying 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 at the end of the most recent reporting period.

First Trust Mortgage Income Fund Stock Performance

NYSE:FMY opened at $11.27 on Tuesday. The firm has a 50-day moving average price of $11.57 and a two-hundred day moving average price of $11.69. First Trust Mortgage Income Fund has a twelve month low of $10.74 and a twelve month high of $12.36.

First Trust Mortgage Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be paid a $0.0650 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.78 dividend on an annualized basis and a yield of 6.9%.

First Trust Mortgage Income Fund Company Profile

(Get Free Report)

First Trust Mortgage Income Fund (NYSE: FMY) is a closed-end investment company that seeks to provide investors with a high level of current income, with capital appreciation as a secondary objective. The fund invests primarily in mortgage-related securities and other fixed-income investments.

Its portfolio may include mortgage-backed securities issued or guaranteed by government-sponsored entities, as well as non-agency mortgage-backed securities and other securities connected to residential or commercial real estate.

Further Reading

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