New York Mortgage Trust (NASDAQ:NYMTM) Trading Up 0.2% – Should You Buy?

New York Mortgage Trust, Inc. (NASDAQ:NYMTM)’s stock price rose 0.2% on Tuesday . The company traded as high as $24.50 and last traded at $24.40. Approximately 31,603 shares changed hands during trading, an increase of 40% from the average daily volume of 22,614 shares. The stock had previously closed at $24.35.

New York Mortgage Trust Stock Performance

The firm’s 50 day moving average is $25.20 and its two-hundred day moving average is $25.07.

About New York Mortgage Trust

New York Mortgage Trust, Inc is a mortgage real estate investment trust (REIT) that seeks to provide shareholders with attractive risk-adjusted returns through the acquisition and management of a diversified portfolio of residential mortgage-related assets. The company primarily invests in agency and non-agency residential mortgage-backed securities (RMBS), residential whole loans, mortgage servicing rights (MSRs) and related derivative instruments. By combining a range of mortgage asset classes, New York Mortgage Trust aims to capitalize on opportunities across the credit spectrum and under varying interest rate environments.

In addition to its core RMBS holdings, the company pursues investments in private-label residential securities, home equity loans and other structured products tied to U.S.