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

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMOGet Free Report) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 19,600 shares, a decline of 47.6% from the May 14th total of 37,370 shares. Based on an average trading volume of 33,725 shares, the short-interest ratio is currently 0.6 days.

Western Asset Mortgage Opportunity Fund Price Performance

Shares of Western Asset Mortgage Opportunity Fund stock traded up $0.02 on Friday, reaching $10.71. The company had a trading volume of 26,727 shares, compared to its average volume of 51,206. Western Asset Mortgage Opportunity Fund has a 52-week low of $10.42 and a 52-week high of $12.11. The firm’s 50 day moving average price is $10.98 and its two-hundred day moving average price is $11.07.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a dividend of $0.12 per share. This represents a c) annualized dividend and a yield of 13.5%. The ex-dividend date is Monday, August 24th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its holdings in shares of Western Asset Mortgage Opportunity Fund by 2.7% in the 1st quarter. Royal Bank of Canada now owns 401,952 shares of the investment management company’s stock valued at $4,321,000 after buying an additional 10,721 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Western Asset Mortgage Opportunity Fund in the 1st quarter valued at $114,000. Commonwealth Equity Services LLC boosted its holdings in shares of 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 buying an additional 1,097 shares in the last quarter. Marex Group plc acquired a new position in shares of Western Asset Mortgage Opportunity Fund in the 4th quarter valued at $189,000. Finally, LPL Financial LLC boosted its holdings in shares of Western Asset Mortgage Opportunity Fund by 13.7% in the 4th quarter. LPL Financial LLC now owns 251,590 shares of the investment management company’s stock valued at $2,783,000 after buying an additional 30,402 shares in the last quarter.

About Western Asset Mortgage Opportunity Fund

(Get Free Report)

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.

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