Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Sees Large Growth in Short Interest

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) was the recipient of a significant growth in short interest during the month of 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 volume of 52,500 shares, the days-to-cover ratio is currently 1.1 days.

Western Asset Mortgage Opportunity Fund Stock Performance

DMO traded up $0.04 during trading hours on Wednesday, hitting $12.01. 7,447 shares of the stock were exchanged, compared to its average volume of 51,245. The stock has a 50-day simple moving average of $11.73 and a 200-day simple moving average of $11.51. Western Asset Mortgage Opportunity Fund has a 12 month low of $10.00 and a 12 month high of $12.09.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 24th will be paid a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a yield of 12.99%. The ex-dividend date is Wednesday, July 24th.

Hedge Funds Weigh In On Western Asset Mortgage Opportunity Fund

Several large investors have recently added to or reduced their stakes in DMO. SeaCrest Wealth Management LLC increased its position 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 worth $249,000 after buying an additional 1,626 shares during the period. Choreo LLC acquired a new stake in Western Asset Mortgage Opportunity Fund in the first quarter worth $357,000. Robinson Capital Management LLC acquired a new stake in Western Asset Mortgage Opportunity Fund in the first quarter worth $423,000. Riverbridge Partners LLC increased 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 worth $1,536,000 after buying an additional 3,132 shares during the period. Finally, Consolidated Portfolio Review Corp increased its position 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 worth $2,775,000 after buying an additional 14,378 shares during the period.

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.