First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 14,200 shares, a growth of 35.2% from the August 31st total of 10,500 shares. Based on an average trading volume of 6,900 shares, the days-to-cover ratio is presently 2.1 days.
First Trust Mortgage Income Fund Stock Performance
Shares of NYSE:FMY traded up $0.15 during trading on Friday, reaching $12.57. 8,514 shares of the company traded hands, compared to its average volume of 7,678. First Trust Mortgage Income Fund has a 52-week low of $10.71 and a 52-week high of $12.63. The business’s fifty day moving average is $12.34 and its 200-day moving average is $12.06.
First Trust Mortgage Income Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.90 annualized dividend and a yield of 7.16%.
Institutional Investors Weigh In On First Trust Mortgage Income Fund
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.
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