Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Short Interest Update

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 69,632 shares, a decrease of 32.8% from the November 30th total of 103,654 shares. Based on an average daily volume of 83,994 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 83,994 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On Western Asset Mortgage Opportunity Fund

Institutional investors have recently modified their holdings of the company. Baird Financial Group Inc. increased its holdings in shares of Western Asset Mortgage Opportunity Fund by 8.6% in the 2nd quarter. Baird Financial Group Inc. now owns 218,782 shares of the investment management company’s stock worth $2,612,000 after acquiring an additional 17,374 shares during the period. Envestnet Asset Management Inc. boosted its stake in Western Asset Mortgage Opportunity Fund by 5.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 242,543 shares of the investment management company’s stock valued at $2,843,000 after purchasing an additional 12,090 shares during the period. Journey Strategic Wealth LLC grew its position in Western Asset Mortgage Opportunity Fund by 78.7% in the 3rd quarter. Journey Strategic Wealth LLC now owns 23,850 shares of the investment management company’s stock worth $280,000 after purchasing an additional 10,500 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Western Asset Mortgage Opportunity Fund by 2.7% in the first quarter. Royal Bank of Canada now owns 388,487 shares of the investment management company’s stock valued at $4,592,000 after purchasing an additional 10,116 shares during the period. Finally, Consolidated Portfolio Review Corp raised its holdings in shares of Western Asset Mortgage Opportunity Fund by 5.7% during the second quarter. Consolidated Portfolio Review Corp now owns 183,114 shares of the investment management company’s stock valued at $2,186,000 after buying an additional 9,916 shares during the last quarter.

Western Asset Mortgage Opportunity Fund Trading Down 0.5%

Shares of NYSE DMO traded down $0.05 during mid-day trading on Monday, hitting $11.02. The company had a trading volume of 174,599 shares, compared to its average volume of 57,987. Western Asset Mortgage Opportunity Fund has a 12 month low of $10.81 and a 12 month high of $12.15. The firm’s 50 day simple moving average is $11.63 and its two-hundred day simple moving average is $11.81.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be paid a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 13.1%. The ex-dividend date is Friday, February 20th.

About Western Asset Mortgage Opportunity Fund

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.