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

First Trust Mortgage Income Fund (NYSE:FMY) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 13,400 shares, a decline of 5.6% from the September 15th total of 14,200 shares. Based on an average trading volume of 7,500 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in First Trust Mortgage Income Fund stock. Comerica Bank bought a new stake in shares of First Trust Mortgage Income Fund (NYSE:FMY) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,827 shares of the company’s stock, valued at approximately $47,000.

First Trust Mortgage Income Fund Stock Down 0.8 %

Shares of First Trust Mortgage Income Fund stock opened at $12.14 on Friday. First Trust Mortgage Income Fund has a 52-week low of $10.84 and a 52-week high of $12.72. The company has a fifty day moving average of $12.38 and a 200-day moving average of $12.10.

First Trust Mortgage Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.90 annualized dividend and a yield of 7.41%.

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.