New York Mortgage Trust (NASDAQ:NYMTM) Trading Up 0.1% – Here’s Why

Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMTM) shot up 0.1% during trading on Thursday . The company traded as high as $25.13 and last traded at $25.1076. 17,109 shares changed hands during mid-day trading, a decline of 24% from the average session volume of 22,614 shares. The stock had previously closed at $25.08.

New York Mortgage Trust Trading Up 0.2%

The business has a 50-day moving average price of $24.97 and a two-hundred day moving average price of $24.92.

New York Mortgage Trust Company Profile

New York Mortgage Trust, Inc is a mortgage real estate investment trust (REIT) that seeks to provide shareholders with attractive risk-adjusted returns through the acquisition and management of a diversified portfolio of residential mortgage-related assets. The company primarily invests in agency and non-agency residential mortgage-backed securities (RMBS), residential whole loans, mortgage servicing rights (MSRs) and related derivative instruments. By combining a range of mortgage asset classes, New York Mortgage Trust aims to capitalize on opportunities across the credit spectrum and under varying interest rate environments.

In addition to its core RMBS holdings, the company pursues investments in private-label residential securities, home equity loans and other structured products tied to U.S.