Short Interest in New York Mortgage Trust, Inc. (NASDAQ:NYMTZ) Declines By 44.3%

New York Mortgage Trust, Inc. (NASDAQ:NYMTZ) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 3,900 shares, a decline of 44.3% from the September 30th total of 7,000 shares. Based on an average trading volume of 7,100 shares, the days-to-cover ratio is presently 0.5 days.

New York Mortgage Trust Trading Down 0.5 %

Shares of NASDAQ:NYMTZ traded down $0.09 during trading on Friday, reaching $20.45. 4,704 shares of the company traded hands, compared to its average volume of 7,645. The firm has a fifty day simple moving average of $20.43 and a 200 day simple moving average of $19.36. New York Mortgage Trust has a 1-year low of $15.33 and a 1-year high of $21.74.

New York Mortgage Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.4375 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.75 dividend on an annualized basis and a dividend yield of 8.56%.

About New York Mortgage Trust

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets.