Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Stock Short Interest Climbs 255.3%

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 32,425 shares, an increase of 255.3% from the September 30th total of 9,125 shares. Based on an average daily volume of 95,712 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Western Asset Mortgage Opportunity Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its stake in Western Asset Mortgage Opportunity Fund by 2.7% in the 1st quarter. Royal Bank of Canada now owns 401,952 shares of the investment management company’s stock worth $4,321,000 after purchasing an additional 10,721 shares during the period. Baird Financial Group Inc. increased its position in shares of Western Asset Mortgage Opportunity Fund by 35.6% during the second quarter. Baird Financial Group Inc. now owns 182,317 shares of the investment management company’s stock valued at $1,953,000 after buying an additional 47,908 shares during the period. Venture Visionary Partners LLC increased its position in shares of Western Asset Mortgage Opportunity Fund by 21.8% during the third quarter. Venture Visionary Partners LLC now owns 152,218 shares of the investment management company’s stock valued at $1,449,000 after buying an additional 27,199 shares during the period. Park Avenue Securities LLC increased its position in shares of Western Asset Mortgage Opportunity Fund by 5.0% during the third quarter. Park Avenue Securities LLC now owns 88,096 shares of the investment management company’s stock valued at $839,000 after buying an additional 4,213 shares during the period. Finally, Noble Wealth Management PBC lifted its holdings in shares of Western Asset Mortgage Opportunity Fund by 7.9% in the third quarter. Noble Wealth Management PBC now owns 42,987 shares of the investment management company’s stock worth $409,000 after buying an additional 3,150 shares in the last quarter.

Western Asset Mortgage Opportunity Fund Stock Performance

Shares of NYSE DMO traded up $0.14 during midday trading on Wednesday, hitting $9.72. The company’s stock had a trading volume of 110,749 shares, compared to its average volume of 52,956. The stock has a fifty day moving average price of $9.80 and a 200 day moving average price of $10.61. Western Asset Mortgage Opportunity Fund has a one year low of $9.29 and a one year high of $12.07.

Western Asset Mortgage Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be issued a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 14.8%. The ex-dividend date of this dividend is Friday, November 20th.

Western Asset Mortgage Opportunity Fund Company Profile

Western Asset Mortgage Opportunity Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol DMO. The fund is managed by Western Asset Management Company, an investment management firm specializing in fixed-income strategies and part of Franklin Templeton.

The fund seeks to provide current income and total return by investing primarily in mortgage-related securities and other debt instruments. Its portfolio may include residential and commercial mortgage-backed securities, mortgage loans, and securities issued or guaranteed by U.S.