Western Asset Mortgage Opportunity Fund (NYSE:DMO) Share Price Passes 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 Friday . The stock has a 200-day moving average of $10.95 and traded as low as $10.69. Western Asset Mortgage Opportunity Fund shares last traded at $10.70, with a volume of 22,003 shares.

Western Asset Mortgage Opportunity Fund Stock Performance

The firm has a 50-day moving average of $10.81 and a 200 day moving average of $10.95.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be paid a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 13.5%. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Trading of Western Asset Mortgage Opportunity Fund

Hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC acquired a new position in shares of Western Asset Mortgage Opportunity Fund during the first quarter valued at about $114,000. Noble Wealth Management PBC boosted its position in shares of Western Asset Mortgage Opportunity Fund by 351.9% during the fourth quarter. Noble Wealth Management PBC now owns 13,897 shares of the investment management company’s stock valued at $154,000 after buying an additional 10,822 shares during the last quarter. Bank of America Corp DE grew its holdings in Western Asset Mortgage Opportunity Fund by 18.6% during the second quarter. Bank of America Corp DE now owns 15,490 shares of the investment management company’s stock worth $185,000 after buying an additional 2,424 shares in the last quarter. Marex Group plc bought a new position in Western Asset Mortgage Opportunity Fund during the 4th quarter valued at $189,000. Finally, CoreCap Advisors LLC boosted its holdings in 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 acquiring an additional 11,000 shares during the last quarter.

About Western Asset Mortgage Opportunity Fund

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.