Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Short Interest Update

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 16,100 shares, a growth of 475.0% from the August 31st total of 2,800 shares. Based on an average daily volume of 64,600 shares, the short-interest ratio is presently 0.2 days.

Western Asset Mortgage Opportunity Fund Stock Performance

NYSE:DMO traded up $0.05 during trading hours on Wednesday, hitting $11.93. The company had a trading volume of 38,904 shares, compared to its average volume of 55,999. The stock has a 50-day moving average price of $12.09 and a 200 day moving average price of $11.85. Western Asset Mortgage Opportunity Fund has a 52 week low of $10.00 and a 52 week high of $12.34.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 24th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, October 24th. This represents a $1.56 annualized dividend and a yield of 13.08%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Robinson Capital Management LLC bought a new stake in Western Asset Mortgage Opportunity Fund during the first quarter worth about $423,000. Choreo LLC bought a new stake in Western Asset Mortgage Opportunity Fund during the first quarter worth about $357,000. Riverbridge Partners LLC boosted its stake in Western Asset Mortgage Opportunity Fund by 2.4% during the first quarter. Riverbridge Partners LLC now owns 131,154 shares of the investment management company’s stock worth $1,536,000 after acquiring an additional 3,132 shares in the last quarter. SeaCrest Wealth Management LLC boosted its stake in Western Asset Mortgage Opportunity Fund by 8.3% during the first quarter. SeaCrest Wealth Management LLC now owns 21,249 shares of the investment management company’s stock worth $249,000 after acquiring an additional 1,626 shares in the last quarter. Finally, Integrated Capital Management Inc. boosted its stake in Western Asset Mortgage Opportunity Fund by 9.8% during the second quarter. Integrated Capital Management Inc. now owns 15,490 shares of the investment management company’s stock worth $185,000 after acquiring an additional 1,381 shares in the last quarter.

About Western Asset Mortgage Opportunity Fund

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.