New York Mortgage Trust, Inc. (NASDAQ:NYMTN) Short Interest Down 62.0% in October

New York Mortgage Trust, Inc. (NASDAQ:NYMTN) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 10,900 shares, a decline of 62.0% from the October 15th total of 28,700 shares. Based on an average daily volume of 11,200 shares, the days-to-cover ratio is currently 1.0 days.

New York Mortgage Trust Stock Performance

NASDAQ NYMTN traded up $0.02 on Wednesday, reaching $22.75. The stock had a trading volume of 3,980 shares, compared to its average volume of 9,625. New York Mortgage Trust has a 1 year low of $19.41 and a 1 year high of $23.56. The business has a 50 day moving average price of $22.99 and a 200 day moving average price of $21.95.

New York Mortgage Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 8.79%. The ex-dividend date of this dividend was Tuesday, October 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.