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

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) was the target of a large 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 trading volume of 101,683 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 101,683 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Western Asset Mortgage Opportunity Fund

A number of hedge funds have recently modified their holdings of the business. Noble Wealth Management PBC grew 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 buying an additional 10,822 shares during the period. Bank of America Corp DE boosted its stake in Western Asset Mortgage Opportunity Fund by 6.1% during the third quarter. Bank of America Corp DE now owns 16,442 shares of the investment management company’s stock worth $193,000 after acquiring an additional 952 shares in the last quarter. Raymond James Financial Inc. grew 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 purchasing an additional 9,350 shares during the period. Journey Strategic Wealth LLC increased its stake in shares of Western Asset Mortgage Opportunity Fund by 78.7% during 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 in the last quarter. Finally, Envestnet Asset Management Inc. increased 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 valued at $2,843,000 after purchasing an additional 12,090 shares in the last quarter.

Western Asset Mortgage Opportunity Fund Stock Performance

Shares of NYSE:DMO remained flat at $11.15 during trading on Monday. The stock had a trading volume of 107,498 shares, compared to its average volume of 97,228. The company has a 50 day moving average of $11.45 and a two-hundred day moving average of $11.75. Western Asset Mortgage Opportunity Fund has a 12-month low of $10.81 and a 12-month high of $12.15.

Western Asset Mortgage Opportunity Fund Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 12.9%.

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.