New York Mortgage Trust (NASDAQ:NYMTL) Shares Down 0.8% – Here’s What Happened

New York Mortgage Trust, Inc. (NASDAQ:NYMTL) traded down 0.8% during mid-day trading on Thursday . The company traded as low as $23.98 and last traded at $24.00. 2,244 shares traded hands during trading, a decline of 67% from the average session volume of 6,842 shares. The stock had previously closed at $24.19.

New York Mortgage Trust Stock Up 0.2%

The company’s 50 day moving average price is $23.58 and its two-hundred day moving average price is $23.01.

About New York Mortgage Trust

New York Mortgage Trust, Inc is a specialty finance company organized as a Maryland corporation in June 1988 and headquartered in West Palm Beach, Florida. The company elected to be taxed as a real estate investment trust (REIT) in 2005 and maintains a publicly traded equity structure on the NASDAQ. Through its operating subsidiary, New York Mortgage Trust focuses on the acquisition, financing and management of mortgage-related assets with the objective of generating current income for shareholders.

The firm’s investment portfolio is concentrated in residential mortgage-backed securities (RMBS), including both agency and non-agency pools, as well as whole residential mortgage loans.