Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO – Get 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
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.
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