First Trust Mortgage Income Fund (NYSE:FMY) Short Interest Down 29.6% in February

First Trust Mortgage Income Fund (NYSE:FMY) was the recipient of a large decrease in short interest in February. As of February 27th, there was short interest totaling 3,202 shares, a decrease of 29.6% from the February 12th total of 4,549 shares. Based on an average trading volume of 4,998 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 4,998 shares, the short-interest ratio is currently 0.6 days.

First Trust Mortgage Income Fund Stock Performance

NYSE FMY traded down $0.30 during trading on Friday, hitting $11.40. The stock had a trading volume of 32,258 shares, compared to its average volume of 8,038. The firm has a 50 day moving average price of $12.09 and a 200 day moving average price of $12.11. First Trust Mortgage Income Fund has a twelve month low of $11.40 and a twelve month high of $12.39.

First Trust Mortgage Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a $0.065 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 6.8%.

Institutional Investors Weigh In On First Trust Mortgage Income Fund

Large investors have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. lifted its holdings in 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 in the last quarter. Uhlmann Price Securities LLC boosted its position in First Trust Mortgage Income Fund by 45.7% in the 4th 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 grew its stake in shares of First Trust Mortgage Income Fund by 60.4% in the fourth quarter. Noble Wealth Management PBC now owns 46,681 shares of the company’s stock worth $567,000 after acquiring an additional 17,572 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of 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 worth $223,000 after acquiring an additional 4,154 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of First Trust Mortgage Income Fund during the second quarter worth $31,000.

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.