First Trust Mortgage Income Fund (NYSE:FMY) Sees Large Decline in Short Interest

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

Institutional Trading of First Trust Mortgage Income Fund

An institutional investor recently bought a new position in First Trust Mortgage Income Fund stock. Global Assets Advisory LLC acquired a new position in First Trust Mortgage Income Fund (NYSE:FMY) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 90,985 shares of the company’s stock, valued at approximately $1,108,000.

First Trust Mortgage Income Fund Trading Down 0.8 %

Shares of FMY opened at $12.14 on Friday. First Trust Mortgage Income Fund has a twelve month low of $10.84 and a twelve month high of $12.72. The business’s 50-day moving average price is $12.38 and its 200-day moving average price is $12.10.

First Trust Mortgage Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were issued a dividend of $0.075 per share. This represents a $0.90 dividend on an annualized basis and a yield of 7.41%. The ex-dividend date was Tuesday, October 1st.

About First Trust Mortgage Income Fund

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.