Short Interest in First Trust Mortgage Income Fund (NYSE:FMY) Increases By 57.7%

First Trust Mortgage Income Fund (NYSE:FMY) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 19,148 shares, an increase of 57.7% from the December 15th total of 12,140 shares. Based on an average daily volume of 28,372 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 28,372 shares, the days-to-cover ratio is presently 0.7 days.

First Trust Mortgage Income Fund Stock Performance

Shares of FMY stock traded up $0.01 on Friday, reaching $12.25. The stock had a trading volume of 2,839 shares, compared to its average volume of 7,985. First Trust Mortgage Income Fund has a 1 year low of $11.65 and a 1 year high of $12.39. The company has a 50 day simple moving average of $12.05 and a 200 day simple moving average of $12.15.

First Trust Mortgage Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $0.065 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%.

Institutional Investors Weigh In On First Trust Mortgage Income Fund

Several large investors have recently made changes to their positions in the company. Noble Wealth Management PBC grew its stake in shares of First Trust Mortgage Income Fund by 60.4% during the fourth quarter. Noble Wealth Management PBC now owns 46,681 shares of the company’s stock valued at $567,000 after buying an additional 17,572 shares during the last quarter. Uhlmann Price Securities LLC boosted its position in shares of First Trust Mortgage Income Fund by 45.7% in the 4th quarter. Uhlmann Price Securities LLC now owns 23,674 shares of the company’s stock worth $288,000 after purchasing an additional 7,423 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of First Trust Mortgage Income Fund by 29.4% during the third quarter. Jones Financial Companies Lllp now owns 18,267 shares of the company’s stock valued at $223,000 after acquiring an additional 4,154 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of First Trust Mortgage Income Fund in the second quarter worth $31,000.

About First Trust Mortgage Income Fund

First Trust Mortgage Income Fund (NYSE:FMY) is a closed-end management investment company that seeks to provide high current income by investing primarily in a diversified portfolio of mortgage-related securities. The fund’s investment strategy focuses on residential and commercial mortgage-backed securities (MBS) issued or guaranteed by U.S. government agencies, government-sponsored entities and private issuers, as well as other mortgage-related assets such as collateralized mortgage obligations (CMOs) and mortgage passthrough securities.

Since commencing operations in mid-2002, FMY has employed a disciplined, fundamental research process to construct a portfolio designed to capture income opportunities across the U.S.