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

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 21,367 shares, an increase of 65.6% from the June 30th total of 12,905 shares. Based on an average trading volume of 41,471 shares, the short-interest ratio is currently 0.5 days.

Western Asset Mortgage Opportunity Fund Trading Down 0.1%

NYSE:DMO traded down $0.01 during mid-day trading on Friday, hitting $10.34. The stock had a trading volume of 70,856 shares, compared to its average volume of 48,456. Western Asset Mortgage Opportunity Fund has a twelve month low of $10.31 and a twelve month high of $12.11. The company’s 50 day simple moving average is $10.68 and its 200 day simple moving average is $10.91.

Western Asset Mortgage Opportunity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 13.9%. The ex-dividend date is Monday, August 24th.

Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund

A number of institutional investors have recently modified their holdings of the business. LPL Financial LLC increased its stake in shares of Western Asset Mortgage Opportunity Fund by 13.7% in the fourth 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 during the period. Baird Financial Group Inc. boosted its stake in Western Asset Mortgage Opportunity Fund by 8.6% during the 2nd quarter. Baird Financial Group Inc. now owns 218,782 shares of the investment management company’s stock valued at $2,612,000 after purchasing an additional 17,374 shares during the last quarter. Marex Group plc purchased a new stake in shares of Western Asset Mortgage Opportunity Fund in the fourth quarter valued at about $189,000. Royal Bank of Canada lifted its position in shares of Western Asset Mortgage Opportunity Fund by 4.0% during the 4th quarter. Royal Bank of Canada now owns 391,231 shares of the investment management company’s stock worth $4,327,000 after buying an additional 14,948 shares in the last quarter. Finally, CoreCap Advisors LLC increased its position in shares of Western Asset Mortgage Opportunity Fund by 171.9% during the 2nd quarter. CoreCap Advisors LLC now owns 17,400 shares of the investment management company’s stock valued at $186,000 after purchasing an additional 11,000 shares during the last quarter.

Western Asset Mortgage Opportunity Fund Company Profile

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.