Short-term stake in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) rises 307.3%


Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO – Get Rating) saw a sharp rise in short-term interest during the month of May. As of May 15, there was short interest totaling 16,700 shares, an increase of 307.3% from the April 30 total of 4,100 shares. Based on an average daily volume of 42,700 shares, the short interest ratio is currently 0.4 days.

NYSE:DMO opened at $12.02 on Thursday. Western Asset Mortgage Opportunity Fund has a 12-month low of $11.80 and a 12-month high of $16.29. The company’s 50-day moving average is $12.72 and its two-hundred-day moving average is $14.22.

The company also recently announced a monthly dividend, which will be paid on Thursday, September 1. Shareholders of record on Wednesday August 24 will receive a dividend of $0.10 per share. This represents an annualized dividend of $1.20 and a yield of 9.98%. The ex-dividend date is Tuesday, August 23.

Institutional investors and hedge funds have been buying and selling stocks recently. Mid American Wealth Advisory Group Inc. acquired a new equity position in the Western Asset Mortgage Opportunity Fund in Q4 worth $154,000. Susquehanna International Group LLP acquired a new equity position in the Western Asset Mortgage Opportunity Fund in Q4, valued at $166,000. Landscape Capital Management LLC acquired a new equity position in the Western Asset Mortgage Opportunity Fund in Q1 worth $174,000. Shaker Financial Services LLC acquired a new equity position in the Western Asset Mortgage Opportunity Fund in Q4, valued at $176,000. Finally, Integrated Capital Management Inc. increased its stake in the shares of Western Asset Mortgage Opportunity Fund by 5.9% in the 4th quarter. Integrated Capital Management Inc. now owns 12,504 shares of the investment management company valued at $190,000 after purchasing an additional 695 shares during the period.

Western Asset Mortgage Opportunity Fund Company Profile (Get a rating)

Western Asset Mortgage Opportunity Fund Inc is a closed-end, fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company and Western Asset Management Company Limited. It invests in the US bond markets.

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