First Trust Mortgage Income Fund (NYSE:FMY) Shares Shorted: Short Interest Down 48.3% in September

First Trust Mortgage Income Fund (NYSE:FMY) was the target 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 trading volume, of 3,337 shares, the short-interest ratio is presently 0.8 days.

First Trust Mortgage Income Fund Stock Performance

NYSE FMY traded up $0.10 on Wednesday, hitting $11.00. The stock had a trading volume of 714 shares, compared to its average volume of 4,937. First Trust Mortgage Income Fund has a 52-week low of $10.67 and a 52-week high of $12.36. The firm has a 50-day moving average of $11.45 and a 200-day moving average of $11.64.

First Trust Mortgage Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be given a dividend of $0.0650 per share. The ex-dividend date is Thursday, October 1st. This represents a $0.78 annualized dividend and a yield of 7.1%.

Institutional Investors Weigh In On First Trust Mortgage Income Fund

An institutional investor recently raised its stake in First Trust Mortgage Income Fund stock. Sit Investment Associates Inc. lifted its stake in First Trust Mortgage Income Fund (NYSE:FMY) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,297,106 shares of the company’s stock after buying an additional 31,512 shares during the period. Sit Investment Associates Inc.’s holdings in First Trust Mortgage Income Fund were worth $27,910,000 as of its most recent SEC filing.

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.