Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMTM – Get Free Report) dropped 0.6% during trading on Tuesday . The stock traded as low as $25.0801 and last traded at $25.0801. Approximately 6,609 shares changed hands during trading, a decline of 64% from the average session volume of 18,355 shares. The stock had previously closed at $25.22.
New York Mortgage Trust Price Performance
The business’s fifty day simple moving average is $25.26 and its two-hundred day simple moving average is $25.16.
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.
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