Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO – Get Free Report) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 226,600 shares, a growth of 44.3% from the September 30th total of 157,000 shares. Based on an average daily trading volume, of 65,900 shares, the days-to-cover ratio is presently 3.4 days.
Western Asset Mortgage Opportunity Fund Stock Performance
Shares of DMO stock traded down $0.08 on Tuesday, hitting $11.91. The stock had a trading volume of 52,100 shares, compared to its average volume of 55,880. The business has a 50 day moving average of $12.08 and a 200 day moving average of $11.93. Western Asset Mortgage Opportunity Fund has a 12-month low of $10.00 and a 12-month high of $12.34.
Western Asset Mortgage Opportunity Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 21st will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, November 21st. This represents a $1.56 annualized dividend and a dividend yield of 13.10%.
Hedge Funds Weigh In On Western Asset Mortgage Opportunity Fund
Western Asset Mortgage Opportunity Fund Company Profile
Western Asset Mortgage Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed Western Asset Management Company and Western Asset Management Company Limited. It invests in the fixed income markets of the United States.
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