New York Mortgage Trust (NASDAQ:NYMTL) Stock Price Down 0.4% – Here’s What Happened

New York Mortgage Trust, Inc. (NASDAQ:NYMTL) traded down 0.4% during trading on Tuesday . The company traded as low as $24.81 and last traded at $24.81. 13,058 shares traded hands during trading, an increase of 91% from the average daily volume of 6,842 shares. The stock had previously closed at $24.91.

New York Mortgage Trust Stock Down 0.4%

The business has a fifty day moving average of $24.50 and a 200 day moving average of $24.02.

About New York Mortgage Trust

New York Mortgage Trust, Inc is a specialty finance company organized as a Maryland corporation in June 1988 and headquartered in West Palm Beach, Florida. The company elected to be taxed as a real estate investment trust (REIT) in 2005 and maintains a publicly traded equity structure on the NASDAQ. Through its operating subsidiary, New York Mortgage Trust focuses on the acquisition, financing and management of mortgage-related assets with the objective of generating current income for shareholders.

The firm’s investment portfolio is concentrated in residential mortgage-backed securities (RMBS), including both agency and non-agency pools, as well as whole residential mortgage loans.