Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Stock Short Interest Report for September

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 9,125 shares, a decrease of 55.2% from the September 15th total of 20,370 shares. Based on an average trading volume of 76,938 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in shares of Western Asset Mortgage Opportunity Fund by 2.7% in the first quarter. Royal Bank of Canada now owns 401,952 shares of the investment management company’s stock valued at $4,321,000 after acquiring an additional 10,721 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of Western Asset Mortgage Opportunity Fund by 35.6% during the second quarter. Baird Financial Group Inc. now owns 182,317 shares of the investment management company’s stock valued at $1,953,000 after acquiring an additional 47,908 shares during the last quarter. Venture Visionary Partners LLC increased its position in shares of Western Asset Mortgage Opportunity Fund by 21.8% during the third quarter. Venture Visionary Partners LLC now owns 152,218 shares of the investment management company’s stock valued at $1,449,000 after acquiring an additional 27,199 shares during the last quarter. Noble Wealth Management PBC lifted its holdings in Western Asset Mortgage Opportunity Fund by 7.9% during the third quarter. Noble Wealth Management PBC now owns 42,987 shares of the investment management company’s stock worth $409,000 after acquiring an additional 3,150 shares during the period. Finally, HighTower Advisors LLC bought a new stake in Western Asset Mortgage Opportunity Fund during the second quarter worth $307,000.

Western Asset Mortgage Opportunity Fund Stock Performance

Shares of DMO stock traded up $0.10 on Tuesday, hitting $9.63. The stock had a trading volume of 121,532 shares, compared to its average volume of 52,077. The business has a 50 day moving average of $9.99 and a 200 day moving average of $10.52. Western Asset Mortgage Opportunity Fund has a 12-month low of $9.29 and a 12-month high of $12.08.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be given a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 14.9%. The ex-dividend date of this dividend is Friday, November 20th.

About Western Asset Mortgage Opportunity Fund

Western Asset Mortgage Opportunity Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol DMO. The fund is managed by Western Asset Management Company, an investment management firm specializing in fixed-income strategies and part of Franklin Templeton.

The fund seeks to provide current income and total return by investing primarily in mortgage-related securities and other debt instruments. Its portfolio may include residential and commercial mortgage-backed securities, mortgage loans, and securities issued or guaranteed by U.S.