Short Interest in New York Mortgage Trust, Inc. (NASDAQ:NYMTZ) Declines By 97.1%

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

New York Mortgage Trust Price Performance

NASDAQ:NYMTZ traded down $0.00 on Wednesday, reaching $18.91. 2,092 shares of the company’s stock traded hands, compared to its average volume of 7,027. The stock has a 50-day simple moving average of $19.28 and a 200-day simple moving average of $19.89. New York Mortgage Trust has a 12 month low of $16.90 and a 12 month high of $21.74.

New York Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.4375 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.75 dividend on an annualized basis and a yield of 9.26%.

About New York Mortgage Trust

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.