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

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) was the target of a large decrease in short interest in 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 currently 0.6 days.

Institutional Trading of Western Asset Mortgage Opportunity Fund

Large investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC boosted its stake in Western Asset Mortgage Opportunity Fund by 3.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 35,897 shares of the investment management company’s stock worth $397,000 after purchasing an additional 1,097 shares during the period. Marex Group plc acquired a new stake in Western Asset Mortgage Opportunity Fund during the 4th quarter worth $189,000. LPL Financial LLC boosted its stake in Western Asset Mortgage Opportunity Fund by 13.7% during the 4th quarter. LPL Financial LLC now owns 251,590 shares of the investment management company’s stock worth $2,783,000 after purchasing an additional 30,402 shares during the period. Bank of America Corp DE boosted its stake in Western Asset Mortgage Opportunity Fund by 6.1% during the 3rd quarter. Bank of America Corp DE now owns 16,442 shares of the investment management company’s stock worth $193,000 after purchasing an additional 952 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in Western Asset Mortgage Opportunity Fund by 11.9% during the 3rd quarter. Raymond James Financial Inc. now owns 87,941 shares of the investment management company’s stock worth $1,031,000 after purchasing an additional 9,350 shares during the period.

Western Asset Mortgage Opportunity Fund Trading Up 0.1%

Shares of Western Asset Mortgage Opportunity Fund stock traded up $0.02 during trading hours on Friday, hitting $10.71. The company had a trading volume of 26,727 shares, compared to its average volume of 51,206. The company’s 50-day moving average is $10.98 and its two-hundred day moving average is $11.07. Western Asset Mortgage Opportunity Fund has a twelve month low of $10.42 and a twelve month high of $12.11.

Western Asset Mortgage Opportunity Fund Dividend Announcement

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

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.