Loan interest

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Brief Interest Update


Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO – Get Rating) was the target of a sharp decline in short-term interest in April. As of April 30, there was short interest totaling 4,100 shares, down 54.9% from April 15’s total of 9,100 shares. Based on an average daily trading volume of 40,800 shares, the day-to-cover ratio is currently 0.1 day.

Institutional investors and hedge funds have recently changed their positions in the company. Mid American Wealth Advisory Group Inc. bought a new stock position in the Western Asset Mortgage Opportunity Fund in Q4, valued at around $154,000. Susquehanna International Group LLP bought a new equity position in the Western Asset Mortgage Opportunity Fund in Q4, valued at around $166,000. Landscape Capital Management LLC acquired a new stake in Western Asset Mortgage Opportunity Fund during the first quarter for a value of approximately $174,000. Shaker Financial Services LLC acquired a new stake in Western Asset Mortgage Opportunity Fund during the fourth quarter for a value of approximately $176,000. Finally, Integrated Capital Management Inc. increased its stake in 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 worth $190,000 after buying 695 additional shares in the last quarter.

Shares of DMO traded down $0.12 at midday Friday, hitting $11.94. The company had a trading volume of 37,712 shares, compared to an average volume of 39,323. The company’s 50-day simple moving average is $12.97 and its 200-day simple moving average is 14.43 $. Western Asset Mortgage Opportunity Fund has a 1-year low of $11.90 and a 1-year high of $16.29.

The company also recently announced a monthly dividend, which will be paid on Wednesday, June 1. Shareholders of record on Monday, May 23 will receive a dividend of $0.105. This represents an annualized dividend of $1.26 and a dividend yield of 10.55%. The ex-dividend date is Friday, May 20.

Western Asset Mortgage Opportunity Fund Company Profile (Get an evaluation)

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 US bond markets.

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