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

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 26,870 shares, an increase of 21.8% from the February 26th total of 22,053 shares. Based on an average daily volume of 52,379 shares, the short-interest ratio is presently 0.5 days.

Western Asset Mortgage Opportunity Fund Stock Up 0.7%

Western Asset Mortgage Opportunity Fund stock opened at $10.51 on Tuesday. Western Asset Mortgage Opportunity Fund has a fifty-two week low of $10.42 and a fifty-two week high of $12.11. The stock’s 50 day simple moving average is $11.03 and its two-hundred day simple moving average is $11.41.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be paid a $0.12 dividend. This represents a c) annualized dividend and a yield of 13.7%. The ex-dividend date of this dividend is Thursday, May 21st.

Hedge Funds Weigh In On Western Asset Mortgage Opportunity Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Noble Wealth Management PBC boosted its holdings in shares of Western Asset Mortgage Opportunity Fund by 351.9% during 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 in the last quarter. Bank of America Corp DE increased its stake in shares of Western Asset Mortgage Opportunity Fund by 18.6% in the 2nd quarter. Bank of America Corp DE now owns 15,490 shares of the investment management company’s stock worth $185,000 after acquiring an additional 2,424 shares in the last quarter. Marex Group plc bought a new position in shares of Western Asset Mortgage Opportunity Fund in the 4th quarter worth about $189,000. Journey Strategic Wealth LLC lifted its position in Western Asset Mortgage Opportunity Fund by 78.7% during the 3rd quarter. Journey Strategic Wealth LLC now owns 23,850 shares of the investment management company’s stock valued at $280,000 after acquiring an additional 10,500 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in Western Asset Mortgage Opportunity Fund by 3.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 35,897 shares of the investment management company’s stock valued at $397,000 after acquiring 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.