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 in September. As of September 30th, there was short interest totalling 157,000 shares, a growth of 875.2% from the September 15th total of 16,100 shares. Based on an average daily volume of 67,800 shares, the days-to-cover ratio is currently 2.3 days.

Western Asset Mortgage Opportunity Fund Price Performance

NYSE DMO opened at $12.21 on Friday. The stock’s fifty day moving average price is $12.07 and its 200 day moving average price is $11.88. Western Asset Mortgage Opportunity Fund has a 1 year low of $10.00 and a 1 year high of $12.34.

Western Asset Mortgage Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 24th will be given a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a yield of 12.78%. The ex-dividend date of this dividend is Thursday, October 24th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DMO. SeaCrest Wealth Management LLC raised its holdings in 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 purchasing an additional 1,209 shares during the period. Integrated Capital Management Inc. lifted its position in shares of Western Asset Mortgage Opportunity Fund by 9.8% during the 2nd quarter. Integrated Capital Management Inc. now owns 15,490 shares of the investment management company’s stock valued at $185,000 after buying an additional 1,381 shares in the last quarter. Choreo LLC acquired a new stake in Western Asset Mortgage Opportunity Fund in the 1st quarter valued at $357,000. Finally, Robinson Capital Management LLC purchased a new stake in Western Asset Mortgage Opportunity Fund in the 1st quarter worth $423,000.

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.