Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Short Interest Up 44.3% in October

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 226,600 shares, an increase of 44.3% from the September 30th total of 157,000 shares. Based on an average daily trading volume, of 65,900 shares, the days-to-cover ratio is presently 3.4 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DMO. Integrated Capital Management Inc. lifted its holdings in shares of 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 buying an additional 1,381 shares in the last quarter. SeaCrest Wealth Management LLC boosted its holdings in Western Asset Mortgage Opportunity Fund by 8.3% in the 1st quarter. SeaCrest Wealth Management LLC now owns 21,249 shares of the investment management company’s stock valued at $249,000 after purchasing an additional 1,626 shares during the period. Choreo LLC acquired a new position in shares of Western Asset Mortgage Opportunity Fund during the 1st quarter worth approximately $357,000. Finally, Robinson Capital Management LLC bought a new position in shares of Western Asset Mortgage Opportunity Fund during the first quarter worth approximately $423,000.

Western Asset Mortgage Opportunity Fund Trading Down 0.7 %

DMO stock traded down $0.08 during mid-day trading on Tuesday, hitting $11.91. 52,100 shares of the company were exchanged, compared to its average volume of 55,880. Western Asset Mortgage Opportunity Fund has a 1-year low of $10.00 and a 1-year high of $12.34. The business has a 50 day simple moving average of $12.08 and a 200-day simple moving average of $11.93.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 21st will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, November 21st. This represents a $1.56 annualized dividend and a yield of 13.10%.

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.