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

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMOGet Rating) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totalling 4,100 shares, a drop of 54.9% from the April 15th total of 9,100 shares. Based on an average daily trading volume, of 40,800 shares, the short-interest ratio is currently 0.1 days.

Shares of NYSE:DMO traded down $0.12 during midday trading on Friday, hitting $11.94. The company’s stock had a trading volume of 37,712 shares, compared to its average volume of 39,323. The business’s 50 day simple moving average is $12.97 and its 200 day simple moving average is $14.43. Western Asset Mortgage Opportunity Fund has a 12-month low of $11.90 and a 12-month high of $16.29.

The company also recently announced a monthly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Monday, May 23rd will be paid a dividend of $0.105 per share. This represents a $1.26 dividend on an annualized basis and a yield of 10.55%. The ex-dividend date of this dividend is Friday, May 20th.

A number of hedge funds have recently modified their holdings of DMO. Mid American Wealth Advisory Group Inc. purchased a new position in Western Asset Mortgage Opportunity Fund during the fourth quarter worth about $154,000. Susquehanna International Group LLP purchased a new position in Western Asset Mortgage Opportunity Fund during the fourth quarter worth about $166,000. Landscape Capital Management L.L.C. purchased a new position in Western Asset Mortgage Opportunity Fund during the first quarter worth about $174,000. Shaker Financial Services LLC purchased a new position in Western Asset Mortgage Opportunity Fund during the fourth quarter worth about $176,000. Finally, Integrated Capital Management Inc. raised its stake in Western Asset Mortgage Opportunity Fund by 5.9% during the fourth quarter. Integrated Capital Management Inc. now owns 12,504 shares of the investment management company’s stock worth $190,000 after purchasing an additional 695 shares during the period.

Western Asset Mortgage Opportunity Fund Company Profile (Get Rating)

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.

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