Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Sees Large Increase in Short Interest

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) was the target of a large 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 trading volume, of 82,640 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 82,640 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Integrated Capital Management Inc. increased its position in shares of Western Asset Mortgage Opportunity Fund by 5.5% in 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 during the last quarter. Consolidated Portfolio Review Corp grew its stake in Western Asset Mortgage Opportunity Fund by 5.7% in the second quarter. Consolidated Portfolio Review Corp now owns 183,114 shares of the investment management company’s stock valued at $2,186,000 after purchasing an additional 9,916 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Western Asset Mortgage Opportunity Fund by 4.0% in the second quarter. Envestnet Asset Management Inc. now owns 230,453 shares of the investment management company’s stock valued at $2,752,000 after purchasing an additional 8,793 shares in the last quarter. Aviance Capital Partners LLC increased its position in shares of Western Asset Mortgage Opportunity Fund by 17.9% during the 2nd 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 during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Western Asset Mortgage Opportunity Fund by 2.7% during the 1st quarter. Royal Bank of Canada now owns 388,487 shares of the investment management company’s stock worth $4,592,000 after purchasing an additional 10,116 shares in the last quarter.

Western Asset Mortgage Opportunity Fund Stock Down 0.1%

NYSE:DMO opened at $10.90 on Wednesday. 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 moving average price of $11.25 and a two-hundred day moving average price of $11.68.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 13.2%.

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.