First Trust Mortgage Income Fund (NYSE:FMY) Short Interest Up 37.8% in March

First Trust Mortgage Income Fund (NYSE:FMY) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 17,500 shares, an increase of 37.8% from the February 28th total of 12,700 shares. Based on an average trading volume of 5,200 shares, the days-to-cover ratio is currently 3.4 days.

Institutional Investors Weigh In On First Trust Mortgage Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Noble Wealth Management PBC purchased a new stake in First Trust Mortgage Income Fund in the fourth quarter worth $460,000. Transform Wealth LLC purchased a new stake in shares of First Trust Mortgage Income Fund during the fourth quarter valued at $279,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of First Trust Mortgage Income Fund by 45.1% in the fourth quarter. Jones Financial Companies Lllp now owns 7,645 shares of the company’s stock worth $92,000 after purchasing an additional 2,375 shares during the last quarter.

First Trust Mortgage Income Fund Stock Performance

First Trust Mortgage Income Fund stock opened at $12.15 on Monday. First Trust Mortgage Income Fund has a 12-month low of $11.48 and a 12-month high of $12.72. The firm has a 50-day moving average price of $12.07 and a 200-day moving average price of $12.10.

First Trust Mortgage Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $0.075 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $0.90 annualized dividend and a dividend 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.