First Trust Mortgage Income Fund (NYSE:FMY) Sees Significant Decrease in Short Interest

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

First Trust Mortgage Income Fund Price Performance

FMY opened at $12.24 on Thursday. The stock’s 50-day moving average price is $12.39 and its 200 day moving average price is $12.10. First Trust Mortgage Income Fund has a 12-month low of $10.84 and a 12-month high of $12.72.

First Trust Mortgage Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were given a $0.075 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 7.36%. The ex-dividend date of this dividend was Tuesday, October 1st.

Institutional Investors Weigh In On First Trust Mortgage Income Fund

An institutional investor recently bought a new position in First Trust Mortgage Income Fund stock. Comerica Bank purchased a new stake in First Trust Mortgage Income Fund (NYSE:FMY) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,827 shares of the company’s stock, valued at approximately $47,000.

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.