Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Short Interest Down 47.6% in May

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 19,600 shares, a decline of 47.6% from the May 14th total of 37,370 shares. Based on an average trading volume of 33,725 shares, the short-interest ratio is presently 0.6 days.

Western Asset Mortgage Opportunity Fund Trading Up 0.1%

DMO stock traded up $0.02 during mid-day trading on Monday, reaching $10.71. 35,207 shares of the stock traded hands, compared to its average volume of 51,064. Western Asset Mortgage Opportunity Fund has a one year low of $10.42 and a one year high of $12.11. The business has a 50-day moving average price of $10.98 and a two-hundred day moving average price of $11.06.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a $0.12 dividend. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE grew its holdings in shares of Western Asset Mortgage Opportunity Fund by 6.1% in the third quarter. Bank of America Corp DE now owns 16,442 shares of the investment management company’s stock worth $193,000 after purchasing an additional 952 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Western Asset Mortgage Opportunity Fund by 3.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 35,897 shares of the investment management company’s stock worth $397,000 after purchasing an additional 1,097 shares during the last quarter. Aviance Capital Partners LLC grew its holdings in shares of Western Asset Mortgage Opportunity Fund by 3.8% in the fourth quarter. Aviance Capital Partners LLC now owns 40,548 shares of the investment management company’s stock worth $448,000 after purchasing an additional 1,489 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of Western Asset Mortgage Opportunity Fund by 11.9% in the third quarter. Raymond James Financial Inc. now owns 87,941 shares of the investment management company’s stock worth $1,031,000 after purchasing an additional 9,350 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings 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 worth $4,592,000 after purchasing an additional 10,116 shares during the last quarter.

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.