Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Shares Shorted: Short Interest Down 55.2% in September

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 9,125 shares, a decline of 55.2% from the September 15th total of 20,370 shares. Based on an average daily volume of 76,938 shares, the short-interest ratio is currently 0.1 days.

Western Asset Mortgage Opportunity Fund Stock Performance

DMO stock traded down $0.06 during midday trading on Wednesday, hitting $9.56. The company had a trading volume of 48,817 shares, compared to its average volume of 52,060. Western Asset Mortgage Opportunity Fund has a 52 week low of $9.29 and a 52 week high of $12.08. The stock’s 50 day moving average price is $9.96 and its 200 day moving average price is $10.51.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be given a $0.12 dividend. The ex-dividend date is Friday, November 20th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 15.1%.

Institutional Trading of Western Asset Mortgage Opportunity Fund

Institutional investors have recently modified their holdings of the company. Baird Financial Group Inc. raised its holdings in shares of Western Asset Mortgage Opportunity Fund by 35.6% during the second quarter. Baird Financial Group Inc. now owns 182,317 shares of the investment management company’s stock valued at $1,953,000 after acquiring an additional 47,908 shares in the last quarter. HighTower Advisors LLC purchased a new position in Western Asset Mortgage Opportunity Fund during the 2nd quarter valued at $307,000. Venture Visionary Partners LLC increased its position in Western Asset Mortgage Opportunity Fund by 21.8% during the 3rd quarter. Venture Visionary Partners LLC now owns 152,218 shares of the investment management company’s stock valued at $1,449,000 after purchasing an additional 27,199 shares during the period. CoreCap Advisors LLC increased its position in 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 purchasing an additional 11,000 shares during the period. Finally, Royal Bank of Canada raised its holdings in Western Asset Mortgage Opportunity Fund by 2.7% in the 1st quarter. Royal Bank of Canada now owns 401,952 shares of the investment management company’s stock worth $4,321,000 after purchasing an additional 10,721 shares in the last quarter.

Western Asset Mortgage Opportunity Fund Company Profile

Western Asset Mortgage Opportunity Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol DMO. The fund is managed by Western Asset Management Company, an investment management firm specializing in fixed-income strategies and part of Franklin Templeton.

The fund seeks to provide current income and total return by investing primarily in mortgage-related securities and other debt instruments. Its portfolio may include residential and commercial mortgage-backed securities, mortgage loans, and securities issued or guaranteed by U.S.