Western Asset Mortgage Opportunity Fund (NYSE:DMO) Shares Cross Below 200-Day Moving Average – Time to Sell?

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.97 and traded as low as $10.57. Western Asset Mortgage Opportunity Fund shares last traded at $10.6050, with a volume of 24,836 shares traded.

Western Asset Mortgage Opportunity Fund Stock Performance

The business’s 50 day moving average price is $10.86 and its two-hundred day moving average price is $10.97.

Western Asset Mortgage Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a dividend of $0.12 per share. This represents a c) annualized dividend and a yield of 13.6%. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new stake in shares of Western Asset Mortgage Opportunity Fund during the first quarter valued at approximately $114,000. Noble Wealth Management PBC raised its holdings in Western Asset Mortgage Opportunity Fund by 351.9% in the fourth quarter. Noble Wealth Management PBC now owns 13,897 shares of the investment management company’s stock worth $154,000 after purchasing an additional 10,822 shares in the last quarter. Bank of America Corp DE raised its holdings in Western Asset Mortgage Opportunity Fund by 18.6% in the second quarter. Bank of America Corp DE now owns 15,490 shares of the investment management company’s stock worth $185,000 after purchasing an additional 2,424 shares in the last quarter. CoreCap Advisors LLC lifted its position in Western Asset Mortgage Opportunity Fund by 171.9% during the second quarter. CoreCap Advisors LLC now owns 17,400 shares of the investment management company’s stock valued at $186,000 after buying an additional 11,000 shares during the period. Finally, Marex Group plc purchased a new position in Western Asset Mortgage Opportunity Fund during the fourth quarter valued at $189,000.

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.