Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Short Interest Up 21.8% in March

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 26,870 shares, an increase of 21.8% from the February 26th total of 22,053 shares. Based on an average trading volume of 52,379 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Aviance Capital Partners LLC grew its stake in Western Asset Mortgage Opportunity Fund by 2.4% in the 3rd quarter. Aviance Capital Partners LLC now owns 39,059 shares of the investment management company’s stock valued at $458,000 after acquiring an additional 916 shares during the period. Bank of America Corp DE raised its position in Western Asset Mortgage Opportunity Fund by 6.1% during the third quarter. Bank of America Corp DE now owns 16,442 shares of the investment management company’s stock worth $193,000 after acquiring an additional 952 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Western Asset Mortgage Opportunity Fund by 3.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 35,897 shares of the investment management company’s stock valued at $397,000 after purchasing an additional 1,097 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in Western Asset Mortgage Opportunity Fund by 11.9% during the third quarter. Raymond James Financial Inc. now owns 87,941 shares of the investment management company’s stock valued at $1,031,000 after purchasing an additional 9,350 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of Western Asset Mortgage Opportunity Fund by 2.7% in the first quarter. Royal Bank of Canada now owns 388,487 shares of the investment management company’s stock valued at $4,592,000 after purchasing an additional 10,116 shares during the period.

Western Asset Mortgage Opportunity Fund Trading Up 0.0%

Western Asset Mortgage Opportunity Fund stock opened at $10.75 on Thursday. The business’s 50-day simple moving average is $11.02 and its two-hundred day simple moving average is $11.40. Western Asset Mortgage Opportunity Fund has a fifty-two week low of $10.42 and a fifty-two week high of $12.11.

Western Asset Mortgage Opportunity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 13.4%.

About Western Asset Mortgage Opportunity Fund

Western Asset Mortgage Opportunity Fund, Inc (NYSE: DMO) is a closed?end management investment company that seeks to provide a high level of current income, with capital preservation as a secondary objective. The fund pursues these goals by allocating its assets among a diversified portfolio of mortgage?related securities.

The fund’s core investments include agency and non?agency residential mortgage?backed securities (MBS), commercial mortgage?backed securities (CMBS) and asset?backed securities (ABS) secured by pools of auto loans, credit card receivables, home equity loans and other consumer debt obligations.