Western Asset Mortgage Opportunity Fund (NYSE:DMO) Shares Cross Below 200 Day Moving Average – Here’s Why

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.85 and traded as low as $10.35. Western Asset Mortgage Opportunity Fund shares last traded at $10.38, with a volume of 91,884 shares.

Western Asset Mortgage Opportunity Fund Stock Performance

The business’s 50 day simple moving average is $10.57 and its 200-day simple moving average is $10.85.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.9%. The ex-dividend date of this dividend is Friday, November 20th.

Institutional Trading of Western Asset Mortgage Opportunity Fund

Several large investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new position in Western Asset Mortgage Opportunity Fund during the first quarter valued at approximately $114,000. Bank of America Corp DE boosted its holdings in shares of Western Asset Mortgage Opportunity Fund by 18.6% in the 2nd quarter. Bank of America Corp DE now owns 15,490 shares of the investment management company’s stock valued at $185,000 after purchasing an additional 2,424 shares in the last quarter. Marex Group plc bought a new position in shares of Western Asset Mortgage Opportunity Fund in the 4th quarter valued at $189,000. Susquehanna International Group LLP increased its stake in shares of Western Asset Mortgage Opportunity Fund by 22.3% in the 2nd quarter. Susquehanna International Group LLP now owns 17,389 shares of the investment management company’s stock valued at $186,000 after purchasing an additional 3,169 shares during the last quarter. Finally, CoreCap Advisors LLC raised its holdings in shares of Western Asset Mortgage Opportunity Fund by 171.9% during the 2nd quarter. CoreCap Advisors LLC now owns 17,400 shares of the investment management company’s stock worth $186,000 after buying an additional 11,000 shares in the last quarter.

Western Asset Mortgage Opportunity Fund Company Profile

Western Asset Mortgage Opportunity Fund, Inc (NYSE: DMO) is a closed‐end management investment company that seeks to provide a high level of current income, with capital preservation as a secondary objective. The fund pursues these goals by allocating its assets among a diversified portfolio of mortgage‐related securities.

The fund’s core investments include agency and non‐agency residential mortgage‐backed securities (MBS), commercial mortgage‐backed securities (CMBS) and asset‐backed securities (ABS) secured by pools of auto loans, credit card receivables, home equity loans and other consumer debt obligations.