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)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.93 and traded as low as $10.38. Western Asset Mortgage Opportunity Fund shares last traded at $10.4150, with a volume of 38,100 shares traded.

Western Asset Mortgage Opportunity Fund Stock Performance

The stock has a 50 day simple moving average of $10.74 and a 200-day simple moving average of $10.93.

Western Asset Mortgage Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 13.8%.

Institutional Trading of Western Asset Mortgage Opportunity Fund

Institutional investors have recently bought and sold shares of the company. CoreCap Advisors LLC increased its stake 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 valued at $186,000 after purchasing an additional 11,000 shares in the last quarter. Noble Wealth Management PBC grew its holdings in shares of Western Asset Mortgage Opportunity Fund by 14.5% during the second quarter. Noble Wealth Management PBC now owns 39,837 shares of the investment management company’s stock valued at $427,000 after buying an additional 5,040 shares during the last quarter. Royal Bank of Canada increased its position in shares of Western Asset Mortgage Opportunity Fund by 2.7% during the first quarter. Royal Bank of Canada now owns 401,952 shares of the investment management company’s stock valued at $4,321,000 after acquiring an additional 10,721 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Western Asset Mortgage Opportunity Fund in the 1st quarter worth approximately $114,000. Finally, Commonwealth Equity Services LLC lifted its position in Western Asset Mortgage Opportunity Fund by 3.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 35,897 shares of the investment management company’s stock valued at $397,000 after acquiring an additional 1,097 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.