Short Interest in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Rises By 875.2%

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 157,000 shares, an increase of 875.2% from the September 15th total of 16,100 shares. Based on an average trading volume of 67,800 shares, the days-to-cover ratio is currently 2.3 days.

Western Asset Mortgage Opportunity Fund Trading Up 0.3 %

Shares of NYSE:DMO traded up $0.04 on Friday, hitting $12.25. The company had a trading volume of 48,204 shares, compared to its average volume of 56,525. Western Asset Mortgage Opportunity Fund has a 1 year low of $10.00 and a 1 year high of $12.34. The firm’s 50-day simple moving average is $12.07 and its two-hundred day simple moving average is $11.89.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 24th will be given a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a yield of 12.73%. The ex-dividend date of this dividend is Thursday, October 24th.

Institutional Trading of Western Asset Mortgage Opportunity Fund

A number of hedge funds and other institutional investors have recently modified their holdings of DMO. SeaCrest Wealth Management LLC grew its position in Western Asset Mortgage Opportunity Fund by 5.7% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 22,458 shares of the investment management company’s stock valued at $268,000 after purchasing an additional 1,209 shares during the last quarter. Integrated Capital Management Inc. increased its position in shares of Western Asset Mortgage Opportunity Fund by 9.8% during the second quarter. Integrated Capital Management Inc. now owns 15,490 shares of the investment management company’s stock valued at $185,000 after acquiring an additional 1,381 shares in the last quarter. Robinson Capital Management LLC bought a new position in shares of Western Asset Mortgage Opportunity Fund during the first quarter valued at $423,000. Finally, Choreo LLC purchased a new position in Western Asset Mortgage Opportunity Fund in the 1st quarter worth about $357,000.

About Western Asset Mortgage Opportunity Fund

Western Asset Mortgage Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed Western Asset Management Company and Western Asset Management Company Limited. It invests in the fixed income markets of the United States.