Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Short Interest Up 21.8% in March

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 26,870 shares, a growth of 21.8% from the February 26th total of 22,053 shares. Based on an average daily volume of 52,379 shares, the days-to-cover ratio is currently 0.5 days.

Western Asset Mortgage Opportunity Fund Stock Performance

NYSE DMO opened at $10.80 on Wednesday. The firm has a 50-day moving average of $11.03 and a 200-day moving average of $11.40. Western Asset Mortgage Opportunity Fund has a 52-week low of $10.42 and a 52-week high of $12.11.

Western Asset Mortgage Opportunity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, May 21st. This represents a c) annualized dividend and a yield of 13.3%.

Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund

A number of institutional investors have recently made changes to their positions in the company. Aviance Capital Partners LLC increased its stake in shares of Western Asset Mortgage Opportunity Fund by 2.4% during the third quarter. Aviance Capital Partners LLC now owns 39,059 shares of the investment management company’s stock worth $458,000 after purchasing an additional 916 shares during the period. Bank of America Corp DE boosted its stake in Western Asset Mortgage Opportunity Fund by 6.1% in the 3rd quarter. Bank of America Corp DE now owns 16,442 shares of the investment management company’s stock valued at $193,000 after purchasing an additional 952 shares during the period. Commonwealth Equity Services LLC boosted its stake in Western Asset Mortgage Opportunity Fund by 3.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 35,897 shares of the investment management company’s stock valued at $397,000 after purchasing an additional 1,097 shares during the period. Raymond James Financial Inc. grew its holdings in Western Asset Mortgage Opportunity Fund by 11.9% in the 3rd quarter. Raymond James Financial Inc. now owns 87,941 shares of the investment management company’s stock valued at $1,031,000 after buying an additional 9,350 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in Western Asset Mortgage Opportunity Fund by 2.7% in the 1st quarter. Royal Bank of Canada now owns 388,487 shares of the investment management company’s stock valued at $4,592,000 after buying an additional 10,116 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.