First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 13,400 shares, a decline of 5.6% from the September 15th total of 14,200 shares. Based on an average daily trading volume, of 7,500 shares, the days-to-cover ratio is presently 1.8 days.
First Trust Mortgage Income Fund Stock Up 0.2 %
Shares of FMY stock opened at $12.21 on Wednesday. First Trust Mortgage Income Fund has a 52 week low of $10.84 and a 52 week high of $12.72. The firm has a 50 day moving average of $12.39 and a 200-day moving average of $12.10.
First Trust Mortgage Income Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were paid a $0.075 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.37%. The ex-dividend date of this dividend was Tuesday, October 1st.
Institutional Inflows and Outflows
About First Trust Mortgage Income Fund
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.
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