Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Short Interest Down 32.8% in December

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 69,632 shares, a decline of 32.8% from the November 30th total of 103,654 shares. Based on an average daily volume of 83,994 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 83,994 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On Western Asset Mortgage Opportunity Fund

A number of institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its position in shares of Western Asset Mortgage Opportunity Fund by 18.6% during the 2nd quarter. Bank of America Corp DE now owns 15,490 shares of the investment management company’s stock worth $185,000 after purchasing an additional 2,424 shares during the last quarter. Integrated Capital Management Inc. lifted its holdings in shares of Western Asset Mortgage Opportunity Fund by 5.5% during the second quarter. Integrated Capital Management Inc. now owns 17,244 shares of the investment management company’s stock worth $206,000 after buying an additional 905 shares during the last quarter. Walleye Capital LLC boosted its position in shares of Western Asset Mortgage Opportunity Fund by 80.5% in the first quarter. Walleye Capital LLC now owns 18,064 shares of the investment management company’s stock valued at $214,000 after acquiring an additional 8,054 shares during the period. Journey Strategic Wealth LLC grew its stake in shares of Western Asset Mortgage Opportunity Fund by 78.7% in the third 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 during the last quarter. Finally, Aviance Capital Partners LLC grew its stake in shares of Western Asset Mortgage Opportunity Fund by 17.9% in the second quarter. Aviance Capital Partners LLC now owns 38,143 shares of the investment management company’s stock worth $455,000 after acquiring an additional 5,800 shares during the last quarter.

Western Asset Mortgage Opportunity Fund Trading Down 0.6%

DMO stock traded down $0.07 during midday trading on Wednesday, hitting $10.97. 33,211 shares of the company traded hands, compared to its average volume of 58,213. Western Asset Mortgage Opportunity Fund has a twelve month low of $10.81 and a twelve month high of $12.15. The business has a 50 day simple moving average of $11.61 and a 200-day simple moving average of $11.80.

Western Asset Mortgage Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 13.1%.

About Western Asset Mortgage Opportunity Fund

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.