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

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 37,370 shares, a growth of 151.1% from the April 30th total of 14,885 shares. Based on an average daily volume of 37,203 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Trading of Western Asset Mortgage Opportunity Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in Western Asset Mortgage Opportunity Fund by 2.7% in the 1st quarter. Royal Bank of Canada now owns 401,952 shares of the investment management company’s stock worth $4,321,000 after purchasing an additional 10,721 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Western Asset Mortgage Opportunity Fund in the 1st quarter valued at about $114,000. Commonwealth Equity Services LLC boosted its position in Western Asset Mortgage Opportunity Fund by 3.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 35,897 shares of the investment management company’s stock valued at $397,000 after buying an additional 1,097 shares during the period. Marex Group plc purchased a new stake in Western Asset Mortgage Opportunity Fund in the 4th quarter valued at about $189,000. Finally, LPL Financial LLC boosted its position in Western Asset Mortgage Opportunity Fund by 13.7% in the 4th quarter. LPL Financial LLC now owns 251,590 shares of the investment management company’s stock valued at $2,783,000 after buying an additional 30,402 shares during the period.

Western Asset Mortgage Opportunity Fund Price Performance

Western Asset Mortgage Opportunity Fund stock opened at $11.01 on Friday. Western Asset Mortgage Opportunity Fund has a 1-year low of $10.42 and a 1-year high of $12.11. The company’s 50-day moving average is $10.98 and its 200 day moving average is $11.16.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 13.1%. The ex-dividend date of this dividend is Monday, August 24th.

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.