First Trust Mortgage Income Fund (NYSE:FMY) Stock Short Interest Report for September

First Trust Mortgage Income Fund (NYSE:FMY) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 2,595 shares, a decline of 48.3% from the September 15th total of 5,022 shares. Based on an average daily volume of 3,337 shares, the days-to-cover ratio is presently 0.8 days.

First Trust Mortgage Income Fund Stock Performance

FMY traded down $0.05 during midday trading on Friday, reaching $11.28. The company had a trading volume of 1,765 shares, compared to its average volume of 4,990. The business has a 50-day moving average of $11.43 and a two-hundred day moving average of $11.63. First Trust Mortgage Income Fund has a 1 year low of $10.67 and a 1 year high of $12.36.

First Trust Mortgage Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 1st were issued a $0.0650 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.78 annualized dividend and a yield of 6.9%.

Hedge Funds Weigh In On First Trust Mortgage Income Fund

An institutional investor recently raised its position in First Trust Mortgage Income Fund stock. Sit Investment Associates Inc. lifted its position in First Trust Mortgage Income Fund (NYSE:FMY) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,297,106 shares of the company’s stock after acquiring 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 reporting period.

About First Trust Mortgage Income Fund

First Trust Mortgage Income Fund is a diversified, closed-end investment company listed on the New York Stock Exchange under the symbol FMY. The fund is designed to provide investors with a high level of current income, with long-term capital appreciation serving as a secondary objective.

The fund invests primarily in mortgage-related securities, including residential and commercial mortgage-backed securities and other instruments linked to mortgage credit. Its portfolio may include both agency and non-agency securities, allowing the fund to pursue income across different segments of the mortgage market while managing credit, interest-rate and prepayment risks.

First Trust Mortgage Income Fund is advised by First Trust Advisors L.P., an investment management firm affiliated with First Trust.