Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Stock Short Interest Report for October

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) saw 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 short-interest ratio is currently 0.3 days.

Western Asset Mortgage Opportunity Fund Stock Down 0.3%

Shares of DMO traded down $0.03 during trading hours on Friday, reaching $9.66. 31,759 shares of the stock traded hands, compared to its average volume of 52,752. The stock has a fifty day simple moving average of $9.78 and a 200 day simple moving average of $10.60. Western Asset Mortgage Opportunity Fund has a 52 week low of $9.29 and a 52 week high of $12.07.

Western Asset Mortgage Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be paid a $0.12 dividend. The ex-dividend date is Friday, November 20th. This represents a $1.44 annualized dividend and a yield of 14.9%.

Hedge Funds Weigh In On Western Asset Mortgage Opportunity Fund

Several hedge funds have recently modified their holdings of the company. Baird Financial Group Inc. grew its holdings in shares of Western Asset Mortgage Opportunity Fund by 35.6% in 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 acquiring an additional 47,908 shares in the last quarter. HighTower Advisors LLC bought a new stake in Western Asset Mortgage Opportunity Fund during the second quarter worth $307,000. Venture Visionary Partners LLC lifted its holdings in 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 worth $1,449,000 after acquiring an additional 27,199 shares during the period. Choreo LLC bought a new stake in Western Asset Mortgage Opportunity Fund during the third quarter worth $120,000. Finally, CoreCap Advisors LLC boosted its position in Western Asset Mortgage Opportunity Fund by 171.9% in the second quarter. CoreCap Advisors LLC now owns 17,400 shares of the investment management company’s stock worth $186,000 after purchasing an additional 11,000 shares during the last quarter.

Western Asset Mortgage Opportunity Fund Company Profile

Western Asset Mortgage Opportunity Fund (NYSE: DMO) is a closed-end investment fund focused on mortgage-related securities. The fund seeks to generate current income and total return by investing in a portfolio of mortgage-backed and other mortgage-related investments.

Its investments may include residential mortgage-backed securities, commercial mortgage-backed securities and other debt instruments associated with the U.S. housing and commercial real estate markets. The portfolio can include both agency and non-agency securities, giving the fund exposure to mortgage credit and interest-rate markets.

The fund is managed by Western Asset Management Company, an investment manager specializing in fixed-income strategies.