Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO – Get 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.
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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