Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO – Get Rating) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 5,300 shares, a decline of 5.4% from the March 15th total of 5,600 shares. Based on an average trading volume of 45,700 shares, the short-interest ratio is presently 0.1 days.
Hedge Funds Weigh In On Western Asset Mortgage Opportunity Fund
Institutional investors have recently modified their holdings of the company. CoreCap Advisors LLC acquired a new position in shares of Western Asset Mortgage Opportunity Fund in the fourth quarter valued at approximately $72,000. Stockman Wealth Management Inc. acquired a new position in shares of Western Asset Mortgage Opportunity Fund in the fourth quarter valued at approximately $130,000. SeaCrest Wealth Management LLC grew its holdings in Western Asset Mortgage Opportunity Fund by 10.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 18,067 shares of the investment management company's stock valued at $195,000 after purchasing an additional 1,776 shares during the period. Oppenheimer & Co. Inc. grew its holdings in Western Asset Mortgage Opportunity Fund by 28.2% in the third quarter. Oppenheimer & Co. Inc. now owns 18,254 shares of the investment management company's stock valued at $203,000 after purchasing an additional 4,017 shares during the period. Finally, Invesco Ltd. purchased a new stake in Western Asset Mortgage Opportunity Fund in the first quarter valued at approximately $313,000.
Get Western Asset Mortgage Opportunity Fund alerts:Western Asset Mortgage Opportunity Fund Stock Up 0.1 %
Shares of NYSE:DMO opened at $10.26 on Friday. The firm's 50-day simple moving average is $10.72 and its 200-day simple moving average is $10.86. Western Asset Mortgage Opportunity Fund has a fifty-two week low of $10.16 and a fifty-two week high of $12.89.
Western Asset Mortgage Opportunity Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Monday, May 1st. Stockholders of record on Friday, April 21st will be given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.70%. The ex-dividend date is Thursday, April 20th.
About Western Asset Mortgage Opportunity Fund
(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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