New York Mortgage Trust (NYMT) : The traders have covered their outstanding shorts in New York Mortgage Trust (NYMT) to the tune of -160,954 shares, a change of -2.8%. As on Jul 29, 2016, the outstanding shorts on the stock were 5,855,500 shares, however, by August 15, 2016, the shorts had reduced to 5,694,546 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 5.3% of the free float of the stock. It takes 7 days to cover the outstanding short positions. The stock has an average daily volume of 844,257 shares. The short interest information was released on Wednesday Aug 24th after the market close.
New York Mortgage Trust (NASDAQ:NYMT): The stock opened at $6.12 on Wednesday but the bulls could not build on the opening and the stock topped out at $6.13 for the day. The stock traded down to $6.02 during the day, due to lack of any buying support eventually closed down at $6.03 with a loss of -1.47% for the day. The stock had closed at $6.12 on the previous day. The total traded volume was 622,776 shares.
In a related news, Donlon Kevin M., officer (President) of New York Mortgage Trust Inc, executed a transaction worth $365,425 on June 9, 2016. A total of 58,004 shares were purchased at an average price of $6.3. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
New York Mortgage Trust, Inc. is a real estate investment trust (REIT). The Company acquires, invests in, finances, and manages primarily mortgage-related assets. The Companys portfolio includes certain credit sensitive assets and investments sourced from distressed markets. Its targeted assets include residential mortgage loans, including distressed residential loans, multi-family commercial mortgage-backed securities (CMBS), mezzanine loans to and preferred equity investments in owners of multi-family properties, equity and debt securities issued by entities that invest in commercial real estate-related debt investments and Agency RMBS. The Company invests in other commercial real estate-related investments, such as the origination or acquisition of mezzanine loans to and preferred equity investments in owners of multi-family properties, with a focus on conventional apartments, cooperative housing associations, student housing and other related property types.