Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Short Interest Up 5.7% in November

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 200,900 shares, an increase of 5.7% from the October 31st total of 190,100 shares. Based on an average daily volume of 64,600 shares, the short-interest ratio is currently 3.1 days.

Western Asset Mortgage Opportunity Fund Stock Up 0.3 %

Western Asset Mortgage Opportunity Fund stock traded up $0.04 during trading hours on Tuesday, reaching $12.00. 59,796 shares of the stock were exchanged, compared to its average volume of 56,280. Western Asset Mortgage Opportunity Fund has a 52-week low of $10.65 and a 52-week high of $12.34. The firm’s 50 day moving average is $12.07 and its 200 day moving average is $12.03.

Western Asset Mortgage Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be paid a dividend of $0.13 per share. This represents a $1.56 dividend on an annualized basis and a yield of 13.00%. The ex-dividend date is Monday, December 23rd.

Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund

A number of large investors have recently modified their holdings of the stock. SeaCrest Wealth Management LLC raised its holdings in Western Asset Mortgage Opportunity Fund by 21.0% during the third quarter. SeaCrest Wealth Management LLC now owns 27,164 shares of the investment management company’s stock worth $325,000 after purchasing an additional 4,706 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of Western Asset Mortgage Opportunity Fund by 1.3% during the third quarter. MML Investors Services LLC now owns 113,465 shares of the investment management company’s stock valued at $1,358,000 after purchasing an additional 1,403 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of Western Asset Mortgage Opportunity Fund in the 3rd quarter valued at $244,000. Finally, Integrated Capital Management Inc. increased its stake in Western Asset Mortgage Opportunity Fund by 9.8% in the 2nd quarter. Integrated Capital Management Inc. now owns 15,490 shares of the investment management company’s stock worth $185,000 after purchasing an additional 1,381 shares in the last quarter.

Western Asset Mortgage Opportunity Fund Company Profile

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.