Short Interest in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Expands By 65.6%

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 21,367 shares, a growth of 65.6% from the June 30th total of 12,905 shares. Based on an average trading volume of 41,471 shares, the short-interest ratio is presently 0.5 days.

Western Asset Mortgage Opportunity Fund Stock Performance

Shares of NYSE:DMO traded down $0.01 during mid-day trading on Friday, hitting $10.34. 70,856 shares of the company traded hands, compared to its average volume of 48,456. The firm’s 50 day simple moving average is $10.70 and its 200 day simple moving average is $10.92. Western Asset Mortgage Opportunity Fund has a 52-week low of $10.31 and a 52-week high of $12.11.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a $0.12 dividend. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 13.9%.

Institutional Trading of Western Asset Mortgage Opportunity Fund

Large investors have recently modified their holdings of the business. Janney Montgomery Scott LLC acquired a new position in shares of Western Asset Mortgage Opportunity Fund in the first quarter worth about $114,000. Bank of America Corp DE raised its position in shares of 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 valued at $185,000 after purchasing an additional 2,424 shares in the last quarter. CoreCap Advisors LLC boosted its stake in shares of Western Asset Mortgage Opportunity Fund by 171.9% during the 2nd quarter. CoreCap Advisors LLC now owns 17,400 shares of the investment management company’s stock valued at $186,000 after buying an additional 11,000 shares during the last quarter. Marex Group plc acquired a new stake in shares of Western Asset Mortgage Opportunity Fund during the fourth quarter worth approximately $189,000. Finally, Commonwealth Equity Services LLC grew its position in shares of Western Asset Mortgage Opportunity Fund by 3.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 35,897 shares of the investment management company’s stock worth $397,000 after buying an additional 1,097 shares in the last quarter.

Western Asset Mortgage Opportunity Fund Company Profile

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.