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

First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 5,022 shares, a growth of 87.0% from the August 31st total of 2,686 shares. Based on an average trading volume of 3,528 shares, the days-to-cover ratio is presently 1.4 days.

First Trust Mortgage Income Fund Price Performance

First Trust Mortgage Income Fund stock opened at $11.27 on Tuesday. First Trust Mortgage Income Fund has a one year low of $10.74 and a one year high of $12.36. The business has a fifty day moving average of $11.57 and a two-hundred day moving average of $11.69.

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First Trust Mortgage Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be issued a $0.0650 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Thursday, October 1st.

Institutional Trading of First Trust Mortgage Income Fund

A hedge fund recently raised its stake in First Trust Mortgage Income Fund stock. Sit Investment Associates Inc. raised its stake in First Trust Mortgage Income Fund (NYSE:FMY – Free Report) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,297,106 shares of the company’s stock after buying an additional 31,512 shares during the period. Sit Investment Associates Inc.’s holdings in First Trust Mortgage Income Fund were worth $27,910,000 at the end of the most recent reporting period.

About First Trust Mortgage Income Fund

(Get Free Report)

First Trust Mortgage Income Fund (NYSE: FMY) is a closed-end investment company that seeks to provide investors with a high level of current income, with capital appreciation as a secondary objective. The fund invests primarily in mortgage-related securities and other fixed-income investments.

Its portfolio may include mortgage-backed securities issued or guaranteed by government-sponsored entities, as well as non-agency mortgage-backed securities and other securities connected to residential or commercial real estate.

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