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

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 19,253 shares, an increase of 39.9% from the January 29th total of 13,760 shares. Based on an average daily volume of 65,171 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 65,171 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Western Asset Mortgage Opportunity Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Noble Wealth Management PBC increased its holdings in Western Asset Mortgage Opportunity Fund by 351.9% in the fourth quarter. Noble Wealth Management PBC now owns 13,897 shares of the investment management company’s stock valued at $154,000 after buying an additional 10,822 shares during the last quarter. Bank of America Corp DE increased its holdings 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 acquiring an additional 2,424 shares during the last quarter. Marex Group plc acquired a new stake in shares of Western Asset Mortgage Opportunity Fund during the 4th quarter valued at approximately $189,000. Journey Strategic Wealth LLC raised its position in shares of Western Asset Mortgage Opportunity Fund by 78.7% during the 3rd quarter. Journey Strategic Wealth LLC now owns 23,850 shares of the investment management company’s stock valued at $280,000 after acquiring an additional 10,500 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in 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 purchasing an additional 1,097 shares during the last quarter.

Western Asset Mortgage Opportunity Fund Stock Performance

Western Asset Mortgage Opportunity Fund stock traded down $0.08 during midday trading on Tuesday, hitting $11.24. 28,188 shares of the stock were exchanged, compared to its average volume of 67,331. Western Asset Mortgage Opportunity Fund has a 1 year low of $10.81 and a 1 year high of $12.15. The company has a 50 day moving average price of $11.12 and a two-hundred day moving average price of $11.55.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 12.8%. The ex-dividend date is Thursday, May 21st.

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.