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

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 226,600 shares, an increase of 44.3% from the September 30th total of 157,000 shares. Based on an average trading volume of 65,900 shares, the days-to-cover ratio is presently 3.4 days.

Hedge Funds Weigh In On Western Asset Mortgage Opportunity Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. SeaCrest Wealth Management LLC raised its holdings in shares of Western Asset Mortgage Opportunity Fund by 21.0% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 27,164 shares of the investment management company’s stock worth $325,000 after buying an additional 4,706 shares in the last quarter. Choreo LLC acquired a new stake in Western Asset Mortgage Opportunity Fund in the first quarter valued at about $357,000. Integrated Capital Management Inc. raised its stake in 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 worth $185,000 after acquiring an additional 1,381 shares in the last quarter. Finally, Robinson Capital Management LLC bought a new position in shares of Western Asset Mortgage Opportunity Fund in the first quarter worth about $423,000.

Western Asset Mortgage Opportunity Fund Stock Performance

Shares of DMO traded down $0.08 during trading hours on Tuesday, hitting $11.91. 52,100 shares of the company were exchanged, compared to its average volume of 55,880. The firm’s fifty day moving average is $12.08 and its 200 day moving average is $11.93. Western Asset Mortgage Opportunity Fund has a fifty-two week low of $10.00 and a fifty-two week high of $12.34.

Western Asset Mortgage Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 21st will be issued a $0.13 dividend. This represents a $1.56 annualized dividend and a yield of 13.10%. The ex-dividend date is Thursday, November 21st.

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.