Short Interest in First Trust Mortgage Income Fund (NYSE:FMY) Increases By 47.8%

Posted by Renee Jackson on Nov 16th, 2024

First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) was the target of a significant growth in short interest in the month of 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 short-interest ratio is presently 1.6 days.

First Trust Mortgage Income Fund Stock Performance

Shares of FMY traded down $0.09 on Friday, hitting $11.85. 3,157 shares of the stock traded hands, compared to its average volume of 9,019. The stock’s 50 day moving average is $12.25 and its two-hundred day moving average is $12.13. First Trust Mortgage Income Fund has a 1 year low of $11.13 and a 1 year high of $12.72.

First Trust Mortgage Income Fund Dividend Announcement

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

Hedge Funds Weigh In On 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 position in shares of First Trust Mortgage Income Fund (NYSE:FMY – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,827 shares of the company’s stock, valued at approximately $47,000.

About First Trust Mortgage Income Fund

(Get Free Report)

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.