Short Interest in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Drops By 34.9%

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 87,200 shares, a drop of 34.9% from the February 28th total of 134,000 shares. Based on an average daily volume of 62,000 shares, the short-interest ratio is presently 1.4 days.

Western Asset Mortgage Opportunity Fund Stock Performance

NYSE DMO traded down $0.03 during mid-day trading on Friday, hitting $11.77. The company’s stock had a trading volume of 35,637 shares, compared to its average volume of 59,085. The company’s 50 day simple moving average is $11.83 and its 200 day simple moving average is $11.93. Western Asset Mortgage Opportunity Fund has a twelve month low of $11.16 and a twelve month high of $12.34.

Western Asset Mortgage Opportunity Fund Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be issued a $0.13 dividend. This represents a dividend yield of 13.05%. The ex-dividend date of this dividend is Monday, March 24th.

Hedge Funds Weigh In On Western Asset Mortgage Opportunity Fund

Institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank boosted its stake in Western Asset Mortgage Opportunity Fund by 2,631.8% in the fourth quarter. Comerica Bank now owns 9,015 shares of the investment management company’s stock valued at $106,000 after acquiring an additional 8,685 shares during the last quarter. Journey Strategic Wealth LLC raised its holdings in shares of Western Asset Mortgage Opportunity Fund by 11.7% in the 4th quarter. Journey Strategic Wealth LLC now owns 12,850 shares of the investment management company’s stock worth $152,000 after purchasing an additional 1,350 shares during the period. Integrated Capital Management Inc. lifted its stake in Western Asset Mortgage Opportunity Fund by 5.9% in the fourth quarter. Integrated Capital Management Inc. now owns 16,437 shares of the investment management company’s stock valued at $194,000 after purchasing an additional 919 shares during the last quarter. Walleye Capital LLC purchased a new position in Western Asset Mortgage Opportunity Fund in the third quarter valued at approximately $244,000. Finally, Commonwealth Equity Services LLC grew its holdings in Western Asset Mortgage Opportunity Fund by 18.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 21,911 shares of the investment management company’s stock valued at $259,000 after purchasing an additional 3,391 shares during the period.

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.