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

First Trust Mortgage Income Fund (NYSE:FMY) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 5,618 shares, a drop of 40.7% from the June 15th total of 9,476 shares. Based on an average daily volume of 3,459 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Investors Weigh In On First Trust Mortgage Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sit Investment Associates Inc. boosted its stake in First Trust Mortgage Income Fund by 1.4% in the 4th quarter. Sit Investment Associates Inc. now owns 2,297,106 shares of the company’s stock worth $27,910,000 after purchasing an additional 31,512 shares during the period. Uhlmann Price Securities LLC lifted its holdings in shares of First Trust Mortgage Income Fund by 45.7% in the fourth quarter. Uhlmann Price Securities LLC now owns 23,674 shares of the company’s stock valued at $288,000 after purchasing an additional 7,423 shares in the last quarter. Noble Wealth Management PBC boosted its position in shares of First Trust Mortgage Income Fund by 60.4% during the fourth quarter. Noble Wealth Management PBC now owns 46,681 shares of the company’s stock worth $567,000 after buying an additional 17,572 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of First Trust Mortgage Income Fund during the second quarter worth about $31,000.

First Trust Mortgage Income Fund Price Performance

Shares of FMY traded up $0.10 on Thursday, hitting $11.67. The company’s stock had a trading volume of 2,408 shares, compared to its average volume of 5,443. The firm’s fifty day moving average price is $11.68 and its 200-day moving average price is $11.90. First Trust Mortgage Income Fund has a fifty-two week low of $11.40 and a fifty-two week high of $12.39.

First Trust Mortgage Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a $0.065 dividend. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date was Wednesday, July 1st.

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.