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

First Trust Mortgage Income Fund (NYSE:FMY) was the target of a large decline in short interest in January. As of January 30th, there was short interest totaling 8,257 shares, a decline of 57.8% from the January 15th total of 19,580 shares. Based on an average trading volume of 4,434 shares, the short-interest ratio is currently 1.9 days. Based on an average trading volume of 4,434 shares, the short-interest ratio is currently 1.9 days.

First Trust Mortgage Income Fund Price Performance

FMY traded down $0.02 during trading on Thursday, reaching $12.10. 1,457 shares of the stock traded hands, compared to its average volume of 5,354. The stock’s 50-day simple moving average is $12.09 and its two-hundred day simple moving average is $12.15. First Trust Mortgage Income Fund has a fifty-two week low of $11.65 and a fifty-two week high of $12.39.

First Trust Mortgage Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be paid a $0.065 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 6.4%.

Hedge Funds Weigh In On First Trust Mortgage Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FMY. Jones Financial Companies Lllp grew its position in First Trust Mortgage Income Fund by 29.4% in the third quarter. Jones Financial Companies Lllp now owns 18,267 shares of the company’s stock worth $223,000 after acquiring an additional 4,154 shares in the last quarter. Noble Wealth Management PBC raised its holdings in shares of First Trust Mortgage Income Fund by 60.4% during the 4th quarter. Noble Wealth Management PBC now owns 46,681 shares of the company’s stock valued at $567,000 after purchasing an additional 17,572 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of First Trust Mortgage Income Fund in the 2nd quarter valued at $31,000. Sit Investment Associates Inc. boosted its holdings in First Trust Mortgage Income Fund by 1.4% in the fourth quarter. Sit Investment Associates Inc. now owns 2,297,106 shares of the company’s stock worth $27,910,000 after purchasing an additional 31,512 shares in the last quarter. Finally, Uhlmann Price Securities LLC increased its position in First Trust Mortgage Income Fund by 45.7% during the fourth quarter. Uhlmann Price Securities LLC now owns 23,674 shares of the company’s stock worth $288,000 after buying an additional 7,423 shares during the last 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.