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

First Trust Mortgage Income Fund (NYSE:FMY) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 4,549 shares, a drop of 44.9% from the January 29th total of 8,257 shares. Based on an average trading volume of 3,056 shares, the short-interest ratio is presently 1.5 days. Based on an average trading volume of 3,056 shares, the short-interest ratio is presently 1.5 days.

First Trust Mortgage Income Fund Stock Performance

NYSE:FMY traded up $0.11 on Friday, hitting $12.28. 8,016 shares of the stock were exchanged, compared to its average volume of 5,216. First Trust Mortgage Income Fund has a 52 week low of $11.65 and a 52 week high of $12.39. The company’s 50-day moving average price is $12.14 and its 200 day moving average price is $12.13.

First Trust Mortgage Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be issued a $0.065 dividend. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date is Monday, March 2nd.

Institutional Trading of First Trust Mortgage Income Fund

A number of institutional investors have recently bought and sold shares of FMY. Raymond James Financial Inc. bought a new stake in shares of First Trust Mortgage Income Fund during the 2nd quarter valued at $31,000. Jones Financial Companies Lllp lifted its stake in First Trust Mortgage Income Fund by 29.4% in the third quarter. Jones Financial Companies Lllp now owns 18,267 shares of the company’s stock valued at $223,000 after buying an additional 4,154 shares during the period. Uhlmann Price Securities LLC lifted its stake in First Trust Mortgage Income Fund by 45.7% in the fourth quarter. Uhlmann Price Securities LLC now owns 23,674 shares of the company’s stock valued at $288,000 after buying an additional 7,423 shares during the period. Noble Wealth Management PBC boosted its holdings in First Trust Mortgage Income Fund by 60.4% during the fourth quarter. Noble Wealth Management PBC now owns 46,681 shares of the company’s stock worth $567,000 after buying an additional 17,572 shares during the last quarter. Finally, Sit Investment Associates Inc. grew its position in shares of First Trust Mortgage Income Fund by 1.4% during the 4th quarter. Sit Investment Associates Inc. now owns 2,297,106 shares of the company’s stock worth $27,910,000 after buying an additional 31,512 shares during the period.

First Trust Mortgage Income Fund Company Profile

First Trust Mortgage Income Fund (NYSE:FMY) is a closed-end management investment company that seeks to provide high current income by investing primarily in a diversified portfolio of mortgage-related securities. The fund’s investment strategy focuses on residential and commercial mortgage-backed securities (MBS) issued or guaranteed by U.S. government agencies, government-sponsored entities and private issuers, as well as other mortgage-related assets such as collateralized mortgage obligations (CMOs) and mortgage passthrough securities.

Since commencing operations in mid-2002, FMY has employed a disciplined, fundamental research process to construct a portfolio designed to capture income opportunities across the U.S.