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Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO – Get Rating) saw a large decrease in short interest in May. As of May 31st, there was short interest totalling 8,300 shares, a decrease of 50.3% from the May 15th total of 16,700 shares. Based on an average daily volume of 43,000 shares, the days-to-cover ratio is currently 0.2 days.
A number of large investors have recently added to or reduced their stakes in the stock. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Western Asset Mortgage Opportunity Fund during the fourth quarter valued at about $154,000. Susquehanna International Group LLP acquired a new stake in shares of Western Asset Mortgage Opportunity Fund during the fourth quarter valued at about $166,000. Shaker Financial Services LLC acquired a new stake in shares of Western Asset Mortgage Opportunity Fund during the fourth quarter valued at about $176,000. Integrated Capital Management Inc. boosted its stake in shares of Western Asset Mortgage Opportunity Fund by 5.9% during the fourth quarter. Integrated Capital Management Inc. now owns 12,504 shares of the investment management company’s stock valued at $190,000 after purchasing an additional 695 shares in the last quarter. Finally, SFI Advisors LLC acquired a new stake in shares of Western Asset Mortgage Opportunity Fund during the fourth quarter valued at about $199,000.
NYSE:DMO opened at $11.92 on Friday. The stock’s 50-day simple moving average is $12.41 and its 200 day simple moving average is $13.88. Western Asset Mortgage Opportunity Fund has a twelve month low of $11.80 and a twelve month high of $16.29.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, September 1st. Investors of record on Wednesday, August 24th will be paid a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 10.07%. The ex-dividend date of this dividend is Tuesday, August 23rd.
Western Asset Mortgage Opportunity Fund Company Profile (Get Rating)
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.
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