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

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 2,065 shares, a decline of 97.0% from the December 15th total of 69,632 shares. Based on an average daily volume of 101,683 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 101,683 shares, the days-to-cover ratio is currently 0.0 days.

Western Asset Mortgage Opportunity Fund Stock Up 0.2%

Shares of NYSE:DMO traded up $0.02 during trading on Wednesday, reaching $11.16. The stock had a trading volume of 31,636 shares, compared to its average volume of 84,693. The firm’s 50-day simple moving average is $11.43 and its 200 day simple moving average is $11.74. Western Asset Mortgage Opportunity Fund has a one year low of $10.81 and a one year high of $12.15.

Western Asset Mortgage Opportunity Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be issued a $0.12 dividend. This represents a c) annualized dividend and a yield of 12.9%. The ex-dividend date of this dividend is Friday, February 20th.

Institutional Trading of Western Asset Mortgage Opportunity Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Noble Wealth Management PBC boosted its position 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 worth $154,000 after purchasing an additional 10,822 shares in the last quarter. Bank of America Corp DE raised its stake in Western Asset Mortgage Opportunity Fund by 6.1% in the third quarter. Bank of America Corp DE now owns 16,442 shares of the investment management company’s stock valued at $193,000 after buying an additional 952 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Western Asset Mortgage Opportunity Fund by 11.9% in the third quarter. Raymond James Financial Inc. now owns 87,941 shares of the investment management company’s stock worth $1,031,000 after acquiring an additional 9,350 shares in the last quarter. Journey Strategic Wealth LLC boosted its holdings in 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 in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Western Asset Mortgage Opportunity Fund by 5.2% during the third quarter. Envestnet Asset Management Inc. now owns 242,543 shares of the investment management company’s stock worth $2,843,000 after acquiring an additional 12,090 shares during 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.