First Trust Mortgage Income Fund (NYSE:FMY) Short Interest Update

First Trust Mortgage Income Fund (NYSE:FMY) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 2,686 shares, a decline of 35.6% from the August 15th total of 4,171 shares. Based on an average daily trading volume, of 3,989 shares, the short-interest ratio is presently 0.7 days.

First Trust Mortgage Income Fund Trading Up 0.8%

Shares of First Trust Mortgage Income Fund stock traded up $0.10 during trading on Thursday, hitting $11.49. The stock had a trading volume of 832 shares, compared to its average volume of 4,963. The business has a fifty day moving average of $11.61 and a two-hundred day moving average of $11.72. First Trust Mortgage Income Fund has a fifty-two week low of $11.21 and a fifty-two week high of $12.36.

First Trust Mortgage Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $0.065 dividend. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend was Tuesday, September 1st.

Hedge Funds Weigh In On First Trust Mortgage Income Fund

An institutional investor recently raised its stake in First Trust Mortgage Income Fund stock. Sit Investment Associates Inc. increased its holdings in First Trust Mortgage Income Fund (NYSE:FMY) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,297,106 shares of the company’s stock after purchasing an additional 31,512 shares during the quarter. Sit Investment Associates Inc.’s holdings in First Trust Mortgage Income Fund were worth $27,910,000 at the end of the most recent quarter.

About First Trust Mortgage Income Fund

First Trust Mortgage Income Fund (NYSE:FMY) is a closed-end management investment company that seeks to provide high current income by investing primarily in a diversified portfolio of mortgage-related securities. The fund’s investment strategy focuses on residential and commercial mortgage-backed securities (MBS) issued or guaranteed by U.S. government agencies, government-sponsored entities and private issuers, as well as other mortgage-related assets such as collateralized mortgage obligations (CMOs) and mortgage passthrough securities.

Since commencing operations in mid-2002, FMY has employed a disciplined, fundamental research process to construct a portfolio designed to capture income opportunities across the U.S.