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

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 226,600 shares, a growth of 44.3% from the September 30th total of 157,000 shares. Based on an average daily volume of 65,900 shares, the short-interest ratio is currently 3.4 days.

Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund

Several hedge funds and other institutional investors have recently modified their holdings of DMO. Integrated Capital Management Inc. lifted its holdings in shares of Western Asset Mortgage Opportunity Fund by 9.8% in the 2nd quarter. Integrated Capital Management Inc. now owns 15,490 shares of the investment management company’s stock worth $185,000 after purchasing an additional 1,381 shares in the last quarter. SeaCrest Wealth Management LLC raised its holdings in Western Asset Mortgage Opportunity Fund by 8.3% during the first quarter. SeaCrest Wealth Management LLC now owns 21,249 shares of the investment management company’s stock worth $249,000 after buying an additional 1,626 shares during the last quarter. Choreo LLC bought a new position in shares of Western Asset Mortgage Opportunity Fund in the first quarter valued at $357,000. Finally, Robinson Capital Management LLC acquired a new position in shares of Western Asset Mortgage Opportunity Fund during the first quarter valued at about $423,000.

Western Asset Mortgage Opportunity Fund Stock Performance

Shares of DMO traded down $0.08 during trading hours on Tuesday, hitting $11.91. The stock had a trading volume of 52,100 shares, compared to its average volume of 55,880. Western Asset Mortgage Opportunity Fund has a 1-year low of $10.00 and a 1-year high of $12.34. The firm has a 50 day simple moving average of $12.08 and a 200-day simple moving average of $11.93.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 21st will be paid a $0.13 dividend. The ex-dividend date is Thursday, November 21st. This represents a $1.56 dividend on an annualized basis and a yield of 13.10%.

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.