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

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

Institutional Trading of Western Asset Mortgage Opportunity Fund

A number of hedge funds have recently modified their holdings of the stock. Guggenheim Capital LLC boosted its position in Western Asset Mortgage Opportunity Fund by 13.4% in the 4th quarter. Guggenheim Capital LLC now owns 228,165 shares of the investment management company’s stock worth $2,692,000 after purchasing an additional 27,035 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Western Asset Mortgage Opportunity Fund by 2.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 205,413 shares of the investment management company’s stock valued at $2,424,000 after purchasing an additional 4,573 shares during the period. Baird Financial Group Inc. boosted its holdings in Western Asset Mortgage Opportunity Fund by 86.0% during the fourth quarter. Baird Financial Group Inc. now owns 192,494 shares of the investment management company’s stock worth $2,271,000 after buying an additional 89,030 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. grew its position in Western Asset Mortgage Opportunity Fund by 9.2% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 134,792 shares of the investment management company’s stock valued at $1,591,000 after buying an additional 11,323 shares during the period. Finally, MML Investors Services LLC increased its holdings in Western Asset Mortgage Opportunity Fund by 1.3% in the third quarter. MML Investors Services LLC now owns 113,465 shares of the investment management company’s stock valued at $1,358,000 after buying an additional 1,403 shares in the last quarter.

Western Asset Mortgage Opportunity Fund Trading Down 0.3 %

Shares of Western Asset Mortgage Opportunity Fund stock traded down $0.03 during trading on Friday, hitting $11.77. 35,637 shares of the company’s stock were exchanged, compared to its average volume of 59,085. Western Asset Mortgage Opportunity Fund has a 52-week low of $11.16 and a 52-week high of $12.34. The business has a 50-day simple moving average of $11.83 and a 200-day simple moving average of $11.93.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be issued 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.