NYMTM - New York Mortgage Trust: What Happened With The Preferred Shares?

The preferred shares from New York Mortgage Trust (NYMT) have seen some very intense volatility this year. They've often been more sensitive to the overall economy, but they took a massive hit during the most intense part of the pandemic.

The four series are:

• NYMTP (NYMTP)
• NYMTO (NYMTO)
• NYMTN (NYMTN)
• NYMTM (NYMTM)

We can demonstrate that volatility using a simple price history chart:

Source: Street Smart Edge

That chart shows that the price was quite steady before the pandemic, plunged off a cliff, rallied, plunged