First Trust Mortgage Income Fund Stock Price, News & Analysis
Company Description
First Trust Mortgage Income Fund (FMY) is a United States-based diversified closed-end management investment company in the First Trust fund family. The fund's primary investment objective is to seek a high level of current income, and its secondary investment objective is to preserve capital.
The fund pursues its objectives by investing predominantly in mortgage-backed securities. These securities represent interests in pools of residential mortgage loans, commercial mortgage loans, or related mortgage assets. The fund's investment approach emphasizes mortgage-backed securities that, in the view of its investment adviser, offer an attractive combination of credit quality, yield, and maturity.
FMY is a fund vehicle rather than an operating company with product sales or operating segments. Its business profile is defined by portfolio management, fund expenses, income generation from mortgage-related securities, and the risks associated with mortgage credit, interest rates, prepayments, market liquidity, and the closed-end fund structure. As a closed-end fund, its public-company record also includes shareholder governance matters, including proxy voting and trustee elections.
Stock Performance
First Trust Mortgage Income Fund (FMY) stock last traded at $11.51, up 0.73% from the previous close. Over the past 12 months, the stock has lost 3.4%. At a market capitalization of $48.5M, FMY is classified as a micro-cap stock with approximately 4.2M shares outstanding.
FMY Rankings
Latest News
First Trust Mortgage Income Fund has 10 recent news articles. Of the recent coverage, 4 articles coincided with positive price movement and 6 with negative movement. View all FMY news →
SEC Filings
First Trust Mortgage Income Fund has filed 6 recent SEC filings, including 2 Form SCHEDULE 13D/A, 2 Form DEF 14A, 1 Form N-CEN, 1 Form N-CSR. The most recent filing was submitted on March 12, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all FMY SEC filings →
Financial Highlights
Upcoming Events
Dividend payable
Form 1099-DIV issuance
First Trust Mortgage Income Fund has 2 upcoming scheduled events. The next event, "Dividend payable", is scheduled for June 15, 2026 (in 9 days). 2 of the upcoming events are financial in nature, such as earnings calls or quarterly results. Investors can track these dates to stay informed about potential catalysts that may affect the FMY stock price.
Short Interest History
Short interest in First Trust Mortgage Income Fund (FMY) currently stands at 9.9 thousand shares, down 20.6% from the previous reporting period, representing 0.2% of the float. Over the past 12 months, short interest has increased by 107.8%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for First Trust Mortgage Income Fund (FMY) currently stands at 2.7 days. This days-to-cover ratio represents a balanced liquidity scenario for short positions. The days to cover has increased 50% over the past year, indicating either rising short interest or declining trading volume. The ratio has shown significant volatility over the period, ranging from 1.0 to 4.4 days.
FMY Company Profile & Sector Positioning
First Trust Mortgage Income Fund (FMY) operates in the Asset Management industry within the broader Financial Services sector and is listed on the NYSE.
Investors comparing FMY often look at related companies in the same sector, including Logan Ridge Finance Corp (LRFC), RiverNorth Capital and Income Fund (RSF), abrdn Global Income Fund Inc. (FCO), Clough Global Dividend and Income Fund (GLV), and Invesco High Income Trust II (VLT). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate FMY's relative position within its industry.