Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 7,400 shares, an increase of 76.2% from the December 15th total of 4,200 shares. Based on an average daily trading volume, of 52,600 shares, the days-to-cover ratio is currently 0.1 days.
Shares of DMO stock traded up $0.04 during trading hours on Thursday, hitting $14.14. 79,348 shares of the company were exchanged, compared to its average volume of 50,631. The company has a 50 day simple moving average of $14.05 and a two-hundred day simple moving average of $13.76. Western Asset Mortgage Opportunity Fund has a fifty-two week low of $10.34 and a fifty-two week high of $21.39.
The firm also recently declared a monthly dividend, which will be paid on Monday, March 1st. Investors of record on Friday, February 19th will be given a $0.1125 dividend. This represents a $1.35 annualized dividend and a yield of 9.55%. The ex-dividend date of this dividend is Thursday, February 18th.
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.
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