Western Asset Mortgage Opportunity Fund (NYSE:DMO) Shares Pass Below 200-Day Moving Average – What’s Next?

Shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.05 and traded as low as $11.39. Western Asset Mortgage Opportunity Fund shares last traded at $11.44, with a volume of 143,815 shares trading hands.

Western Asset Mortgage Opportunity Fund Trading Up 1.1 %

The company has a 50 day moving average of $11.97 and a 200-day moving average of $12.04.

Western Asset Mortgage Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be paid a $0.13 dividend. This represents a $1.56 annualized dividend and a dividend yield of 13.52%. The ex-dividend date is Friday, January 24th.

Institutional Trading of Western Asset Mortgage Opportunity Fund

A number of large investors have recently modified their holdings of DMO. Walleye Capital LLC acquired a new position in Western Asset Mortgage Opportunity Fund during the 3rd quarter worth $244,000. SeaCrest Wealth Management LLC boosted its stake in shares of Western Asset Mortgage Opportunity Fund by 21.0% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 27,164 shares of the investment management company’s stock valued at $325,000 after buying an additional 4,706 shares during the period. Finally, MML Investors Services LLC grew its position in shares of Western Asset Mortgage Opportunity Fund by 1.3% during the third quarter. MML Investors Services LLC now owns 113,465 shares of the investment management company’s stock worth $1,358,000 after buying an additional 1,403 shares in the last quarter.

Western Asset Mortgage Opportunity Fund Company Profile

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.