Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Sees Significant Growth in Short Interest

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 13,760 shares, an increase of 21.8% from the January 15th total of 11,297 shares. Based on an average trading volume of 81,354 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 81,354 shares, the days-to-cover ratio is currently 0.2 days.

Western Asset Mortgage Opportunity Fund Price Performance

Shares of DMO stock opened at $11.38 on Thursday. The stock’s 50 day simple moving average is $11.11 and its 200 day simple moving average is $11.59. Western Asset Mortgage Opportunity Fund has a twelve month low of $10.81 and a twelve month high of $12.15.

Institutional Trading of Western Asset Mortgage Opportunity Fund

A number of institutional investors and hedge funds have recently modified their holdings of DMO. Noble Wealth Management PBC grew its stake in Western Asset Mortgage Opportunity Fund by 351.9% in the 4th quarter. Noble Wealth Management PBC now owns 13,897 shares of the investment management company’s stock valued at $154,000 after buying an additional 10,822 shares during the last quarter. Bank of America Corp DE boosted its holdings in Western Asset Mortgage Opportunity Fund by 18.6% during the second quarter. Bank of America Corp DE now owns 15,490 shares of the investment management company’s stock valued at $185,000 after acquiring an additional 2,424 shares during the period. Marex Group plc bought a new stake in Western Asset Mortgage Opportunity Fund during the fourth quarter valued at about $189,000. Journey Strategic Wealth LLC grew its position in shares of Western Asset Mortgage Opportunity Fund by 78.7% in the third quarter. Journey Strategic Wealth LLC now owns 23,850 shares of the investment management company’s stock valued at $280,000 after purchasing an additional 10,500 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of Western Asset Mortgage Opportunity Fund by 3.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 35,897 shares of the investment management company’s stock worth $397,000 after purchasing an additional 1,097 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.