Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Short Interest Update

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 11,297 shares, a growth of 447.1% from the December 31st total of 2,065 shares. Based on an average daily volume of 82,640 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 82,640 shares, the short-interest ratio is currently 0.1 days.

Western Asset Mortgage Opportunity Fund Price Performance

Shares of Western Asset Mortgage Opportunity Fund stock opened at $10.90 on Wednesday. The firm has a 50 day simple moving average of $11.25 and a 200 day simple moving average of $11.68. Western Asset Mortgage Opportunity Fund has a fifty-two week low of $10.81 and a fifty-two week high of $12.15.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be issued a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 13.2%. The ex-dividend date is Friday, February 20th.

Institutional Trading of Western Asset Mortgage Opportunity Fund

A number of hedge funds have recently modified their holdings of DMO. Integrated Capital Management Inc. grew its stake in Western Asset Mortgage Opportunity Fund by 5.5% in the second quarter. Integrated Capital Management Inc. now owns 17,244 shares of the investment management company’s stock valued at $206,000 after acquiring an additional 905 shares during the period. Aviance Capital Partners LLC grew its position in shares of Western Asset Mortgage Opportunity Fund by 2.4% in the 3rd quarter. Aviance Capital Partners LLC now owns 39,059 shares of the investment management company’s stock valued at $458,000 after purchasing an additional 916 shares during the period. Bank of America Corp DE increased its stake in Western Asset Mortgage Opportunity Fund by 6.1% during the 3rd quarter. Bank of America Corp DE now owns 16,442 shares of the investment management company’s stock worth $193,000 after purchasing an additional 952 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Western Asset Mortgage Opportunity Fund by 4.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 230,453 shares of the investment management company’s stock worth $2,752,000 after purchasing an additional 8,793 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in Western Asset Mortgage Opportunity Fund by 11.9% during the 3rd quarter. Raymond James Financial Inc. now owns 87,941 shares of the investment management company’s stock worth $1,031,000 after buying an additional 9,350 shares during the period.

Western Asset Mortgage Opportunity Fund Company Profile

Western Asset Mortgage Opportunity Fund, Inc (NYSE: DMO) is a closed‐end management investment company that seeks to provide a high level of current income, with capital preservation as a secondary objective. The fund pursues these goals by allocating its assets among a diversified portfolio of mortgage‐related securities.

The fund’s core investments include agency and non‐agency residential mortgage‐backed securities (MBS), commercial mortgage‐backed securities (CMBS) and asset‐backed securities (ABS) secured by pools of auto loans, credit card receivables, home equity loans and other consumer debt obligations.