First Trust Mortgage Income Fund (NYSE:FMY) Sees Significant Increase in Short Interest

First Trust Mortgage Income Fund (NYSE:FMY) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 12,500 shares, an increase of 21.4% from the January 31st total of 10,300 shares. Based on an average trading volume of 5,200 shares, the short-interest ratio is presently 2.4 days.

Institutional Investors Weigh In On First Trust Mortgage Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp raised its position in shares of First Trust Mortgage Income Fund by 45.1% during the fourth quarter. Jones Financial Companies Lllp now owns 7,645 shares of the company’s stock valued at $92,000 after buying an additional 2,375 shares during the last quarter. Noble Wealth Management PBC bought a new stake in shares of First Trust Mortgage Income Fund during the fourth quarter valued at approximately $460,000. Finally, Transform Wealth LLC bought a new stake in First Trust Mortgage Income Fund in the fourth quarter worth $279,000.

First Trust Mortgage Income Fund Price Performance

NYSE FMY traded down $0.06 on Thursday, reaching $12.04. 4,770 shares of the stock were exchanged, compared to its average volume of 5,667. First Trust Mortgage Income Fund has a one year low of $11.48 and a one year high of $12.72. The company’s 50-day simple moving average is $11.98 and its two-hundred day simple moving average is $12.14.

First Trust Mortgage Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.075 per share. This represents a $0.90 dividend on an annualized basis and a yield of 7.48%. The ex-dividend date is Monday, March 3rd.

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.