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

Posted by Brian Himes on Apr 22nd, 2025

First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 14,600 shares, a decline of 16.6% from the March 15th total of 17,500 shares. Based on an average daily volume of 5,800 shares, the short-interest ratio is currently 2.5 days.

First Trust Mortgage Income Fund Price Performance

First Trust Mortgage Income Fund stock opened at $11.98 on Tuesday. The firm has a 50 day moving average price of $12.06 and a 200-day moving average price of $12.05. First Trust Mortgage Income Fund has a twelve month low of $11.54 and a twelve month high of $12.72.

First Trust Mortgage Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.075 per share. The ex-dividend date was Tuesday, April 1st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.51%.

Institutional Investors Weigh In On First Trust Mortgage Income Fund

Hedge funds have recently bought and sold shares of the stock. Noble Wealth Management PBC purchased a new stake in First Trust Mortgage Income Fund during the 4th quarter valued at about $460,000. Transform Wealth LLC purchased a new position in First Trust Mortgage Income Fund during the fourth quarter valued at $279,000. Finally, Jones Financial Companies Lllp grew its stake in shares of First Trust Mortgage Income Fund by 45.1% in the 4th quarter. Jones Financial Companies Lllp now owns 7,645 shares of the company’s stock worth $92,000 after buying an additional 2,375 shares during the last quarter.

First Trust Mortgage Income Fund Company Profile

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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.