Short Interest in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Expands By 15.0%

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 56,600 shares, a growth of 15.0% from the May 31st total of 49,200 shares. Based on an average daily trading volume, of 52,500 shares, the short-interest ratio is presently 1.1 days.

Western Asset Mortgage Opportunity Fund Stock Performance

DMO stock opened at $11.93 on Monday. Western Asset Mortgage Opportunity Fund has a 52-week low of $10.00 and a 52-week high of $12.09. The stock’s fifty day simple moving average is $11.71 and its 200-day simple moving average is $11.50.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 24th will be issued a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a dividend yield of 13.08%. The ex-dividend date is Wednesday, July 24th.

Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund

Hedge funds have recently made changes to their positions in the business. Consolidated Portfolio Review Corp boosted its holdings in Western Asset Mortgage Opportunity Fund by 6.1% in the fourth quarter. Consolidated Portfolio Review Corp now owns 248,402 shares of the investment management company’s stock valued at $2,775,000 after acquiring an additional 14,378 shares during the last quarter. Robinson Capital Management LLC acquired a new position in Western Asset Mortgage Opportunity Fund in the first quarter valued at $423,000. Choreo LLC acquired a new position in Western Asset Mortgage Opportunity Fund in the first quarter valued at $357,000. SeaCrest Wealth Management LLC boosted its holdings in Western Asset Mortgage Opportunity Fund by 8.3% in the first quarter. SeaCrest Wealth Management LLC now owns 21,249 shares of the investment management company’s stock valued at $249,000 after acquiring an additional 1,626 shares during the last quarter. Finally, Riverbridge Partners LLC raised its position in Western Asset Mortgage Opportunity Fund by 2.4% in the first quarter. Riverbridge Partners LLC now owns 131,154 shares of the investment management company’s stock valued at $1,536,000 after purchasing an additional 3,132 shares during the period.

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.