Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Short Interest Up 14.5% in February

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 22,053 shares, an increase of 14.5% from the February 12th total of 19,253 shares. Based on an average daily volume of 44,449 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 44,449 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund

Several institutional investors have recently added to or reduced their stakes in DMO. Noble Wealth Management PBC increased its stake in shares of Western Asset Mortgage Opportunity Fund by 351.9% in the fourth quarter. Noble Wealth Management PBC now owns 13,897 shares of the investment management company’s stock worth $154,000 after purchasing an additional 10,822 shares in the last quarter. Bank of America Corp DE grew its stake in Western Asset Mortgage Opportunity Fund by 18.6% in the 2nd quarter. Bank of America Corp DE now owns 15,490 shares of the investment management company’s stock valued at $185,000 after buying an additional 2,424 shares in the last quarter. Marex Group plc bought a new stake in Western Asset Mortgage Opportunity Fund during the 4th quarter valued at $189,000. Journey Strategic Wealth LLC raised its holdings in Western Asset Mortgage Opportunity Fund by 78.7% during the 3rd quarter. Journey Strategic Wealth LLC now owns 23,850 shares of the investment management company’s stock valued at $280,000 after acquiring an additional 10,500 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in shares of Western Asset Mortgage Opportunity Fund by 3.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 35,897 shares of the investment management company’s stock worth $397,000 after acquiring an additional 1,097 shares in the last quarter.

Western Asset Mortgage Opportunity Fund Price Performance

Western Asset Mortgage Opportunity Fund stock traded up $0.04 during trading on Wednesday, hitting $11.00. The stock had a trading volume of 10,279 shares, compared to its average volume of 63,328. The stock’s 50 day moving average is $11.10 and its two-hundred day moving average is $11.48. Western Asset Mortgage Opportunity Fund has a 1 year low of $10.71 and a 1 year high of $12.11.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.1%. The ex-dividend date of this dividend is Thursday, May 21st.

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.