New York Mortgage Trust (NASDAQ:NYMTM) Trading Down 0.1% – Here’s Why

Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMTM) traded down 0.1% during mid-day trading on Wednesday . The stock traded as low as $25.1063 and last traded at $25.22. 3,307 shares were traded during mid-day trading, a decline of 85% from the average session volume of 22,614 shares. The stock had previously closed at $25.24.

New York Mortgage Trust Price Performance

The firm has a 50 day moving average of $25.04 and a 200-day moving average of $25.02.

New York Mortgage Trust Company Profile

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.