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

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)’s stock price passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $10.48 and traded as low as $9.62. Western Asset Mortgage Opportunity Fund shares last traded at $9.6690, with a volume of 102,580 shares trading hands.

Western Asset Mortgage Opportunity Fund Trading Down 0.9%

The company has a 50-day simple moving average of $9.86 and a two-hundred day simple moving average of $10.47.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be paid 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 dividend yield of 14.9%.

Institutional Trading of Western Asset Mortgage Opportunity Fund

Several institutional investors have recently added to or reduced their stakes in DMO. Integrated Capital Management Inc. grew its stake in Western Asset Mortgage Opportunity Fund by 7.0% in the third quarter. Integrated Capital Management Inc. now owns 17,357 shares of the investment management company’s stock valued at $165,000 after purchasing an additional 1,140 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Western Asset Mortgage Opportunity Fund during the 2nd quarter valued at about $32,000. Noble Wealth Management PBC increased its holdings in shares of Western Asset Mortgage Opportunity Fund by 7.9% in the third quarter. Noble Wealth Management PBC now owns 42,987 shares of the investment management company’s stock valued at $409,000 after purchasing an additional 3,150 shares during the period. Susquehanna International Group LLP increased its holdings in 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 worth $186,000 after buying an additional 3,169 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Western Asset Mortgage Opportunity Fund during the first quarter worth $114,000.

Western Asset Mortgage Opportunity Fund Company Profile

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.