FIRST TRUST MORTGAGE INCOME FUND (FMY) Stock Price, News & Analysis
What Changed
Price Move History
- Daily moves over 5%
- 0 251 sessions, October 22, 2025 to October 22, 2026
- Largest daily move
- -4.9% close of September 24, 2026
- 1-year change
- -9.2% closing prices, October 22, 2025 to October 22, 2026
- 1-month change
- -4% closing prices, September 22, 2026 to October 22, 2026
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) closed at $11.00 on October 22, 2026. Over the past 12 months, the price has lost 9.2%.
FMY Metrics & Rankings
Price returns through October 22, 2026. Month-to-date and YTD include the first trading day. Ranking links may use different dates.
Latest News
FIRST TRUST MORTGAGE INCOME FUND has 10 recent news articles, with the latest published 3 days ago. Of the recent coverage, 1 article coincided with positive price movement and 8 with negative movement. View all FMY news →
SEC Filings
FIRST TRUST MORTGAGE INCOME FUND has filed 10 recent SEC filings, including 4 Form SCHEDULE 13D/A, 1 Form 3, 1 Form 4, 1 Form SCHEDULE 13G/A. The most recent filing was submitted on October 1, 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
Record Date
Ex-Dividend Date
Dividend Payment
Form 1099-DIV issuance
FIRST TRUST MORTGAGE INCOME FUND has 4 upcoming scheduled events. The next event, "Record Date", is scheduled for November 2, 2026 (in 10 days). All of them are financing or capital events, such as a dividend or a debt maturity. 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 2.6 thousand shares, down 48.3% from the previous reporting period, representing 0.1% of the shares outstanding. Since October 2025, short interest has decreased by 79.2%.
Days to Cover History
Days to cover for FIRST TRUST MORTGAGE INCOME FUND (FMY) currently stands at 1.0 days, down 29.6% from the previous period. The ratio is the reported short interest divided by the average daily trading volume. Since October 2025, the figure has decreased by 76.1%. Across the settlements charted above, it has ranged 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 Corporation (LRFC), RiverNorth Capital and Income Fund, Inc. (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.