Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Short Interest Up 447.1% in January

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 11,297 shares, a growth of 447.1% from the December 31st total of 2,065 shares. Based on an average daily volume of 82,640 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 82,640 shares, the short-interest ratio is presently 0.1 days.

Western Asset Mortgage Opportunity Fund Price Performance

Shares of DMO stock traded up $0.02 during trading hours on Thursday, reaching $10.97. The company’s stock had a trading volume of 49,612 shares, compared to its average volume of 82,848. Western Asset Mortgage Opportunity Fund has a one year low of $10.81 and a one year high of $12.15. The firm’s fifty day simple moving average is $11.21 and its 200 day simple moving average is $11.67.

Western Asset Mortgage Opportunity Fund Dividend Announcement

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

Hedge Funds Weigh In On Western Asset Mortgage Opportunity Fund

A number of institutional investors have recently bought and sold shares of the stock. Noble Wealth Management PBC grew its position in Western Asset Mortgage Opportunity Fund by 351.9% during the fourth 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 during the period. Bank of America Corp DE grew its position in shares of Western Asset Mortgage Opportunity Fund by 18.6% during the second quarter. Bank of America Corp DE now owns 15,490 shares of the investment management company’s stock worth $185,000 after purchasing an additional 2,424 shares in the last quarter. Integrated Capital Management Inc. lifted its stake in Western Asset Mortgage Opportunity Fund by 5.5% in the 2nd quarter. Integrated Capital Management Inc. now owns 17,244 shares of the investment management company’s stock worth $206,000 after purchasing an additional 905 shares in the last quarter. Journey Strategic Wealth LLC boosted its stake in Western Asset Mortgage Opportunity Fund by 78.7% during the third quarter. Journey Strategic Wealth LLC now owns 23,850 shares of the investment management company’s stock valued at $280,000 after buying an additional 10,500 shares during the last quarter. Finally, Aviance Capital Partners LLC boosted its position in shares of Western Asset Mortgage Opportunity Fund by 17.9% during the 2nd quarter. Aviance Capital Partners LLC now owns 38,143 shares of the investment management company’s stock valued at $455,000 after acquiring an additional 5,800 shares during the last quarter.

About Western Asset Mortgage Opportunity Fund

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.