New York Mortgage Trust, Inc. (NASDAQ:NYMTM – Get Free Report)’s share price was up 0.1% during mid-day trading on Monday . The stock traded as high as $25.54 and last traded at $25.49. Approximately 27,294 shares changed hands during mid-day trading, an increase of 49% from the average daily volume of 18,355 shares. The stock had previously closed at $25.47.
New York Mortgage Trust Price Performance
The business has a 50-day moving average of $25.20 and a 200-day moving average of $25.19.
About New York Mortgage Trust
New York Mortgage Trust, Inc is a mortgage real estate investment trust (REIT) that seeks to provide shareholders with attractive risk-adjusted returns through the acquisition and management of a diversified portfolio of residential mortgage-related assets. The company primarily invests in agency and non-agency residential mortgage-backed securities (RMBS), residential whole loans, mortgage servicing rights (MSRs) and related derivative instruments. By combining a range of mortgage asset classes, New York Mortgage Trust aims to capitalize on opportunities across the credit spectrum and under varying interest rate environments.
In addition to its core RMBS holdings, the company pursues investments in private-label residential securities, home equity loans and other structured products tied to U.S.
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