Short Interest in New York Mortgage Trust, Inc. (NASDAQ:NYMTM) Grows By 27.3%

New York Mortgage Trust, Inc. (NASDAQ:NYMTM) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 18,200 shares, an increase of 27.3% from the February 28th total of 14,300 shares. Based on an average daily trading volume, of 22,200 shares, the days-to-cover ratio is currently 0.8 days.

New York Mortgage Trust Trading Down 1.8 %

Shares of New York Mortgage Trust stock traded down $0.45 during trading on Tuesday, hitting $24.15. 39,263 shares of the company’s stock traded hands, compared to its average volume of 17,699. New York Mortgage Trust has a 1 year low of $22.12 and a 1 year high of $25.39. The business has a 50-day simple moving average of $25.04 and a 200-day simple moving average of $24.87.

New York Mortgage Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $0.687 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.75 annualized dividend and a yield of 11.38%. This is a boost from New York Mortgage Trust’s previous quarterly dividend of $0.49.

About New York Mortgage Trust

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets.