First Trust Mortgage Income Fund (NYSE:FMY) Short Interest Up 20.2% in November

Posted by Amy Steele on Dec 14th, 2024

First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 19,600 shares, an increase of 20.2% from the November 15th total of 16,300 shares. Based on an average daily volume of 11,400 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in First Trust Mortgage Income Fund stock. Comerica Bank acquired a new position in shares of First Trust Mortgage Income Fund (NYSE:FMY – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,827 shares of the company’s stock, valued at approximately $47,000.

First Trust Mortgage Income Fund Price Performance

Shares of FMY stock traded up $0.06 during trading hours on Friday, reaching $12.15. The stock had a trading volume of 11,592 shares, compared to its average volume of 8,672. The stock’s fifty day simple moving average is $12.12 and its 200 day simple moving average is $12.15. First Trust Mortgage Income Fund has a 12 month low of $11.47 and a 12 month high of $12.72.

First Trust Mortgage Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.075 dividend. This represents a $0.90 annualized dividend and a yield of 7.41%. The ex-dividend date is Monday, December 2nd.

First Trust Mortgage Income Fund Company Profile

(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.