Short Interest in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Declines By 32.8%

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) saw a large drop in short interest in December. As of December 15th, there was short interest totaling 69,632 shares, a drop of 32.8% from the November 30th total of 103,654 shares. Based on an average daily volume of 83,994 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 83,994 shares, the short-interest ratio is currently 0.8 days.

Western Asset Mortgage Opportunity Fund Stock Up 0.1%

Shares of NYSE DMO traded up $0.01 during midday trading on Tuesday, reaching $11.01. The company’s stock had a trading volume of 142,631 shares, compared to its average volume of 58,327. Western Asset Mortgage Opportunity Fund has a one year low of $10.81 and a one year high of $12.15. The company has a 50 day moving average price of $11.61 and a 200 day moving average price of $11.80.

Western Asset Mortgage Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 13.1%.

Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE grew its holdings 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 during the last quarter. Integrated Capital Management Inc. lifted its holdings in shares of Western Asset Mortgage Opportunity Fund by 5.5% during the second quarter. Integrated Capital Management Inc. now owns 17,244 shares of the investment management company’s stock valued at $206,000 after purchasing an additional 905 shares during the last quarter. Walleye Capital LLC boosted its position in shares of Western Asset Mortgage Opportunity Fund by 80.5% in the 1st quarter. Walleye Capital LLC now owns 18,064 shares of the investment management company’s stock valued at $214,000 after purchasing an additional 8,054 shares during the period. Journey Strategic Wealth LLC increased its stake in Western Asset Mortgage Opportunity Fund by 78.7% in the 3rd quarter. Journey Strategic Wealth LLC now owns 23,850 shares of the investment management company’s stock worth $280,000 after purchasing an additional 10,500 shares in the last quarter. Finally, Aviance Capital Partners LLC increased its stake in Western Asset Mortgage Opportunity Fund by 17.9% in the 2nd quarter. Aviance Capital Partners LLC now owns 38,143 shares of the investment management company’s stock worth $455,000 after purchasing an additional 5,800 shares in the last quarter.

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.