Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Short Interest Down 34.9% in March

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) saw a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 87,200 shares, a drop of 34.9% from the February 28th total of 134,000 shares. Based on an average trading volume of 62,000 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund

A number of institutional investors have recently modified their holdings of the company. Comerica Bank lifted its holdings in Western Asset Mortgage Opportunity Fund by 2,631.8% in the fourth quarter. Comerica Bank now owns 9,015 shares of the investment management company’s stock valued at $106,000 after buying an additional 8,685 shares during the period. Journey Strategic Wealth LLC raised its position in shares of Western Asset Mortgage Opportunity Fund by 11.7% in the 4th quarter. Journey Strategic Wealth LLC now owns 12,850 shares of the investment management company’s stock worth $152,000 after acquiring an additional 1,350 shares in the last quarter. Integrated Capital Management Inc. lifted its stake in shares of Western Asset Mortgage Opportunity Fund by 5.9% in the 4th quarter. Integrated Capital Management Inc. now owns 16,437 shares of the investment management company’s stock valued at $194,000 after purchasing an additional 919 shares during the period. Walleye Capital LLC bought a new stake in shares of Western Asset Mortgage Opportunity Fund during the 3rd quarter valued at about $244,000. Finally, Commonwealth Equity Services LLC grew its stake in Western Asset Mortgage Opportunity Fund by 18.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 21,911 shares of the investment management company’s stock worth $259,000 after purchasing an additional 3,391 shares during the period.

Western Asset Mortgage Opportunity Fund Price Performance

Shares of Western Asset Mortgage Opportunity Fund stock traded up $0.04 during midday trading on Monday, reaching $11.83. The company had a trading volume of 131,853 shares, compared to its average volume of 59,375. The stock has a fifty day moving average price of $11.83 and a 200 day moving average price of $11.93. Western Asset Mortgage Opportunity Fund has a fifty-two week low of $11.16 and a fifty-two week high of $12.34.

Western Asset Mortgage Opportunity Fund Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be given a $0.13 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a dividend yield of 13.05%.

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.