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

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

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Integrated Capital Management Inc. increased its position in shares of Western Asset Mortgage Opportunity Fund by 9.8% during the second quarter. Integrated Capital Management Inc. now owns 15,490 shares of the investment management company’s stock valued at $185,000 after acquiring an additional 1,381 shares during the last quarter. SeaCrest Wealth Management LLC grew its stake in Western Asset Mortgage Opportunity Fund by 8.3% in the 1st quarter. SeaCrest Wealth Management LLC now owns 21,249 shares of the investment management company’s stock valued at $249,000 after purchasing an additional 1,626 shares during the period. Choreo LLC bought a new position in Western Asset Mortgage Opportunity Fund in the 1st quarter valued at $357,000. Finally, Robinson Capital Management LLC purchased a new stake in shares of Western Asset Mortgage Opportunity Fund during the 1st quarter valued at $423,000.

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.