New York Mortgage Trust, Inc. (NASDAQ:NYMTZ) Sees Significant Decline in Short Interest

New York Mortgage Trust, Inc. (NASDAQ:NYMTZ) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a decline of 97.1% from the February 28th total of 3,400 shares. Based on an average trading volume of 4,700 shares, the days-to-cover ratio is presently 0.0 days.

New York Mortgage Trust Price Performance

New York Mortgage Trust stock traded down $0.03 during mid-day trading on Friday, reaching $18.86. 2,204 shares of the company’s stock traded hands, compared to its average volume of 6,958. New York Mortgage Trust has a 12-month low of $16.90 and a 12-month high of $21.74. The stock has a 50 day moving average of $19.27 and a two-hundred day moving average of $19.87.

New York Mortgage Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 9.28%. The ex-dividend date is Tuesday, April 1st.

New York Mortgage Trust Company Profile

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.