Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO – Get Rating) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 7,000 shares, a decline of 6.7% from the July 15th total of 7,500 shares. Based on an average daily trading volume, of 45,000 shares, the short-interest ratio is presently 0.2 days.
Western Asset Mortgage Opportunity Fund Stock Performance
Western Asset Mortgage Opportunity Fund stock opened at $12.62 on Friday. The stock’s fifty day moving average price is $11.95 and its two-hundred day moving average price is $12.73. Western Asset Mortgage Opportunity Fund has a one year low of $11.28 and a one year high of $16.29.
Western Asset Mortgage Opportunity Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 22nd will be issued a $0.10 dividend. The ex-dividend date is Monday, November 21st. This represents a $1.20 annualized dividend and a yield of 9.51%.
Hedge Funds Weigh In On Western Asset Mortgage Opportunity Fund
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC raised its holdings in Western Asset Mortgage Opportunity Fund by 3.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 518,215 shares of the investment management company’s stock valued at $6,929,000 after acquiring an additional 17,958 shares in the last quarter. Sit Investment Associates Inc. raised its holdings in Western Asset Mortgage Opportunity Fund by 18.2% in the 2nd quarter. Sit Investment Associates Inc. now owns 457,438 shares of the investment management company’s stock valued at $5,343,000 after acquiring an additional 70,556 shares in the last quarter. Guggenheim Capital LLC raised its holdings in Western Asset Mortgage Opportunity Fund by 46.4% in the 4th quarter. Guggenheim Capital LLC now owns 232,235 shares of the investment management company’s stock valued at $3,532,000 after acquiring an additional 73,573 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. increased its stake in shares of Western Asset Mortgage Opportunity Fund by 9.7% in the 2nd quarter. Thomas J. Herzfeld Advisors Inc. now owns 165,498 shares of the investment management company’s stock valued at $1,933,000 after purchasing an additional 14,647 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Western Asset Mortgage Opportunity Fund by 3.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 128,971 shares of the investment management company’s stock valued at $1,506,000 after purchasing an additional 4,305 shares during the last quarter.
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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Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Short Interest Down 6.7% in July & Latest News Update
Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Short Interest Down 6.7% in July & More Live News
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