First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 13,400 shares, a decrease of 5.6% from the September 15th total of 14,200 shares. Based on an average daily trading volume, of 7,500 shares, the short-interest ratio is currently 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 shares of First Trust Mortgage Income Fund (NYSE:FMY – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 90,985 shares of the company’s stock, valued at approximately $1,108,000.
First Trust Mortgage Income Fund Stock Performance
Shares of NYSE:FMY opened at $12.21 on Wednesday. The firm has a 50 day moving average of $12.39 and a 200-day moving average of $12.10. First Trust Mortgage Income Fund has a 12 month low of $10.84 and a 12 month high of $12.72.
First Trust Mortgage Income Fund Dividend Announcement
First Trust Mortgage Income Fund Company Profile
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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