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

First Trust Mortgage Income Fund (NYSE:FMY) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 19,148 shares, a growth of 57.7% from the December 15th total of 12,140 shares. Based on an average trading volume of 28,372 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 28,372 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On First Trust Mortgage Income Fund

Several large investors have recently added to or reduced their stakes in FMY. Noble Wealth Management PBC lifted its position in First Trust Mortgage Income Fund by 60.4% in the 4th quarter. Noble Wealth Management PBC now owns 46,681 shares of the company’s stock valued at $567,000 after purchasing an additional 17,572 shares during the last quarter. Uhlmann Price Securities LLC increased its stake 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 during the period. Jones Financial Companies Lllp raised its holdings in shares of First Trust Mortgage Income Fund by 29.4% during the third quarter. Jones Financial Companies Lllp now owns 18,267 shares of the company’s stock valued at $223,000 after buying an additional 4,154 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of First Trust Mortgage Income Fund during the second quarter worth approximately $31,000.

First Trust Mortgage Income Fund Stock Performance

Shares of First Trust Mortgage Income Fund stock opened at $12.25 on Friday. First Trust Mortgage Income Fund has a 1 year low of $11.65 and a 1 year high of $12.39. The firm’s 50-day simple moving average is $12.05 and its 200-day simple moving average is $12.15.

First Trust Mortgage Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a $0.065 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 6.4%.

About First Trust Mortgage Income Fund

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.