Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Sees Significant Growth in Short Interest

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 200,900 shares, a growth of 5.7% from the October 31st total of 190,100 shares. Based on an average daily trading volume, of 64,600 shares, the short-interest ratio is currently 3.1 days.

Western Asset Mortgage Opportunity Fund Price Performance

DMO stock remained flat at $12.05 during midday trading on Wednesday. 6,968 shares of the company traded hands, compared to its average volume of 56,116. The company’s fifty day moving average price is $12.07 and its two-hundred day moving average price is $12.03. Western Asset Mortgage Opportunity Fund has a 1-year low of $10.65 and a 1-year high of $12.34.

Western Asset Mortgage Opportunity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be issued a dividend of $0.13 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.95%. The ex-dividend date is Monday, December 23rd.

Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund

A number of large investors have recently bought and sold shares of DMO. Integrated Capital Management Inc. boosted its holdings in Western Asset Mortgage Opportunity Fund by 9.8% in the second quarter. Integrated Capital Management Inc. now owns 15,490 shares of the investment management company’s stock worth $185,000 after acquiring an additional 1,381 shares in the last quarter. Walleye Capital LLC purchased a new stake in shares of Western Asset Mortgage Opportunity Fund during the third quarter valued at approximately $244,000. SeaCrest Wealth Management LLC boosted its holdings in shares of Western Asset Mortgage Opportunity Fund by 5.7% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 22,458 shares of the investment management company’s stock worth $268,000 after buying an additional 1,209 shares during the last quarter. Finally, MML Investors Services LLC grew its position in shares of Western Asset Mortgage Opportunity Fund by 1.3% during the 3rd quarter. MML Investors Services LLC now owns 113,465 shares of the investment management company’s stock valued at $1,358,000 after acquiring an additional 1,403 shares during the period.

Western Asset Mortgage Opportunity Fund Company Profile

Western Asset Mortgage Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed Western Asset Management Company and Western Asset Management Company Limited. It invests in the fixed income markets of the United States.