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

Shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.71 and traded as low as $9.74. Western Asset Mortgage Opportunity Fund shares last traded at $9.7550, with a volume of 106,957 shares.

Western Asset Mortgage Opportunity Fund Trading Down 0.7%

The firm’s 50-day moving average price is $10.34 and its 200-day moving average price is $10.70.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be issued a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 14.8%. The ex-dividend date of this dividend is Friday, November 20th.

Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund

Several large investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC acquired a new stake in Western Asset Mortgage Opportunity Fund in the 2nd quarter worth about $32,000. Susquehanna International Group LLP lifted its position in shares of Western Asset Mortgage Opportunity Fund by 22.3% in the second quarter. Susquehanna International Group LLP now owns 17,389 shares of the investment management company’s stock valued at $186,000 after acquiring an additional 3,169 shares in the last quarter. Noble Wealth Management PBC boosted its stake in shares of Western Asset Mortgage Opportunity Fund by 14.5% in the second quarter. Noble Wealth Management PBC now owns 39,837 shares of the investment management company’s stock worth $427,000 after acquiring an additional 5,040 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Western Asset Mortgage Opportunity Fund in the first quarter worth approximately $114,000. Finally, 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 worth $4,321,000 after purchasing an additional 10,721 shares in 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.