Western Asset Mortgage Opportunity Fund (NYSE:DMO) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $10.52 and traded as low as $9.43. Western Asset Mortgage Opportunity Fund shares last traded at $9.5250, with a volume of 227,209 shares changing hands.

Western Asset Mortgage Opportunity Fund Trading Down 0.6%

The business’s 50-day moving average is $9.97 and its 200-day moving average is $10.51.

Western Asset Mortgage Opportunity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, November 20th. This represents a $1.44 dividend on an annualized basis and a yield of 15.1%.

Hedge Funds Weigh In On Western Asset Mortgage Opportunity Fund

A number of institutional investors and hedge funds have recently bought and sold shares of DMO. Baird Financial Group Inc. grew its stake in shares of Western Asset Mortgage Opportunity Fund by 35.6% during the second quarter. Baird Financial Group Inc. now owns 182,317 shares of the investment management company’s stock valued at $1,953,000 after purchasing an additional 47,908 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of Western Asset Mortgage Opportunity Fund in the 2nd quarter valued at $307,000. Venture Visionary Partners LLC boosted its holdings in Western Asset Mortgage Opportunity Fund by 21.8% in the third quarter. Venture Visionary Partners LLC now owns 152,218 shares of the investment management company’s stock valued at $1,449,000 after acquiring an additional 27,199 shares during the last quarter. CoreCap Advisors LLC increased its position in Western Asset Mortgage Opportunity Fund by 171.9% in the second quarter. CoreCap Advisors LLC now owns 17,400 shares of the investment management company’s stock worth $186,000 after purchasing an additional 11,000 shares during the period. Finally, Royal Bank of Canada raised its holdings in Western Asset Mortgage Opportunity Fund by 2.7% during the 1st quarter. Royal Bank of Canada now owns 401,952 shares of the investment management company’s stock worth $4,321,000 after purchasing an additional 10,721 shares during the last quarter.

About Western Asset Mortgage Opportunity Fund

Western Asset Mortgage Opportunity Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol DMO. The fund is managed by Western Asset Management Company, an investment management firm specializing in fixed-income strategies and part of Franklin Templeton.

The fund seeks to provide current income and total return by investing primarily in mortgage-related securities and other debt instruments. Its portfolio may include residential and commercial mortgage-backed securities, mortgage loans, and securities issued or guaranteed by U.S.