New York Mortgage Trust, Inc. (NASDAQ:NYMTZ) Short Interest Up 400.0% in March

New York Mortgage Trust, Inc. (NASDAQ:NYMTZ) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 500 shares, a growth of 400.0% from the March 15th total of 100 shares. Based on an average trading volume of 5,300 shares, the days-to-cover ratio is presently 0.1 days.

New York Mortgage Trust Trading Up 3.4 %

New York Mortgage Trust stock traded up $0.58 during mid-day trading on Tuesday, hitting $17.66. The stock had a trading volume of 6,949 shares, compared to its average volume of 5,515. New York Mortgage Trust has a one year low of $16.75 and a one year high of $21.74. The firm’s 50 day moving average is $18.88 and its 200 day moving average is $19.57.

New York Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 9.91%. The ex-dividend date of this dividend is Tuesday, April 1st.

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.