Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Short Interest Up 14.5% in February

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 22,053 shares, a growth of 14.5% from the February 12th total of 19,253 shares. Based on an average daily volume of 44,449 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 44,449 shares, the short-interest ratio is presently 0.5 days.

Western Asset Mortgage Opportunity Fund Stock Up 0.6%

Shares of NYSE DMO traded up $0.07 during midday trading on Tuesday, reaching $10.97. The company’s stock had a trading volume of 29,142 shares, compared to its average volume of 64,187. Western Asset Mortgage Opportunity Fund has a one year low of $10.71 and a one year high of $12.11. The company has a 50 day moving average price of $11.10 and a 200 day moving average price of $11.49.

Western Asset Mortgage Opportunity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.1%. The ex-dividend date is Thursday, May 21st.

Hedge Funds Weigh In On Western Asset Mortgage Opportunity Fund

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its holdings in shares of Western Asset Mortgage Opportunity Fund by 2.7% during 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 last quarter. Envestnet Asset Management Inc. boosted its position in shares of Western Asset Mortgage Opportunity Fund by 4.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 230,453 shares of the investment management company’s stock valued at $2,752,000 after purchasing an additional 8,793 shares during the period. Baird Financial Group Inc. increased its stake in 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 purchasing an additional 17,374 shares in the last quarter. Bank of America Corp DE increased its stake in Western Asset Mortgage Opportunity Fund by 18.6% in the 2nd quarter. Bank of America Corp DE now owns 15,490 shares of the investment management company’s stock worth $185,000 after purchasing an additional 2,424 shares in the last quarter. Finally, Aviance Capital Partners LLC raised its holdings in Western Asset Mortgage Opportunity Fund by 2.4% during the 3rd quarter. Aviance Capital Partners LLC now owns 39,059 shares of the investment management company’s stock worth $458,000 after buying an additional 916 shares during the period.

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.