Short Interest in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Grows By 447.1%

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 11,297 shares, an increase of 447.1% from the December 31st total of 2,065 shares. Based on an average daily volume of 82,640 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 82,640 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Noble Wealth Management PBC lifted its holdings in Western Asset Mortgage Opportunity Fund by 351.9% during the 4th 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 in the last quarter. Bank of America Corp DE raised its stake in shares of Western Asset Mortgage Opportunity Fund by 18.6% during the second 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 in the last quarter. Integrated Capital Management Inc. raised its stake 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 valued at $206,000 after acquiring an additional 905 shares in the last quarter. Journey Strategic Wealth LLC boosted its holdings 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 valued at $280,000 after purchasing an additional 10,500 shares during the period. Finally, Aviance Capital Partners LLC grew its stake in 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 purchasing an additional 5,800 shares in the last quarter.

Western Asset Mortgage Opportunity Fund Stock Up 0.2%

DMO opened at $10.97 on Friday. The stock’s 50 day moving average price is $11.21 and its 200-day moving average price is $11.67. 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 firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be paid a $0.12 dividend. The ex-dividend date is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 13.1%.

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.