Short Interest in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Decreases By 34.9%

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 87,200 shares, a decline of 34.9% from the February 28th total of 134,000 shares. Based on an average daily volume of 62,000 shares, the short-interest ratio is currently 1.4 days.

Institutional Trading of Western Asset Mortgage Opportunity Fund

Several large investors have recently made changes to their positions in the company. Guggenheim Capital LLC lifted its holdings in Western Asset Mortgage Opportunity Fund by 13.4% in the 4th quarter. Guggenheim Capital LLC now owns 228,165 shares of the investment management company’s stock valued at $2,692,000 after purchasing an additional 27,035 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Western Asset Mortgage Opportunity Fund by 2.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 205,413 shares of the investment management company’s stock worth $2,424,000 after buying an additional 4,573 shares in the last quarter. Baird Financial Group Inc. lifted its stake in shares of Western Asset Mortgage Opportunity Fund by 86.0% in the fourth quarter. Baird Financial Group Inc. now owns 192,494 shares of the investment management company’s stock worth $2,271,000 after buying an additional 89,030 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. boosted its position in Western Asset Mortgage Opportunity Fund by 9.2% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 134,792 shares of the investment management company’s stock worth $1,591,000 after acquiring an additional 11,323 shares during the last quarter. Finally, MML Investors Services LLC grew its stake in Western Asset Mortgage Opportunity Fund by 1.3% during the 3rd quarter. MML Investors Services LLC now owns 113,465 shares of the investment management company’s stock valued at $1,358,000 after acquiring an additional 1,403 shares in the last quarter.

Western Asset Mortgage Opportunity Fund Trading Down 0.3 %

Western Asset Mortgage Opportunity Fund stock traded down $0.03 during midday trading on Friday, reaching $11.77. The company had a trading volume of 35,637 shares, compared to its average volume of 59,085. Western Asset Mortgage Opportunity Fund has a 12-month low of $11.16 and a 12-month high of $12.34. The firm’s fifty day simple moving average is $11.83 and its 200-day simple moving average is $11.93.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be paid a $0.13 dividend. This represents a dividend yield of 13.05%. The ex-dividend date of this dividend is Monday, March 24th.

Western Asset Mortgage Opportunity Fund Company Profile

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.