Short Interest in New York Mortgage Trust, Inc. (NASDAQ:NYMTZ) Decreases By 44.3%

New York Mortgage Trust, Inc. (NASDAQ:NYMTZ) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totalling 3,900 shares, a decrease of 44.3% from the September 30th total of 7,000 shares. Based on an average daily volume of 7,100 shares, the days-to-cover ratio is presently 0.5 days.

New York Mortgage Trust Price Performance

Shares of NYMTZ traded down $0.09 during mid-day trading on Friday, reaching $20.45. 4,704 shares of the company were exchanged, compared to its average volume of 7,645. New York Mortgage Trust has a 52 week low of $15.33 and a 52 week high of $21.74. The business has a 50 day simple moving average of $20.43 and a two-hundred day simple moving average of $19.36.

New York Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.4375 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.75 annualized dividend and a dividend yield of 8.56%.

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.