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

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 19,600 shares, a decrease of 47.6% from the May 14th total of 37,370 shares. Based on an average daily trading volume, of 33,725 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Western Asset Mortgage Opportunity Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC acquired a new stake in Western Asset Mortgage Opportunity Fund in the first quarter valued at $114,000. Noble Wealth Management PBC increased its holdings in shares of Western Asset Mortgage Opportunity Fund by 351.9% in the 4th quarter. Noble Wealth Management PBC now owns 13,897 shares of the investment management company’s stock valued at $154,000 after acquiring 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 worth about $189,000. Finally, 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 worth $280,000 after acquiring an additional 10,500 shares in the last quarter.

Western Asset Mortgage Opportunity Fund Stock Up 0.1%

Shares of NYSE:DMO opened at $10.71 on Tuesday. Western Asset Mortgage Opportunity Fund has a fifty-two week low of $10.42 and a fifty-two week high of $12.11. The firm’s 50 day moving average price is $10.98 and its 200 day moving average price is $11.06.

Western Asset Mortgage Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date is Monday, August 24th.

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.