Western Asset Mortgage Opportunity Fund (NYSE:DMO) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $9.71 and traded as high as $9.87. Western Asset Mortgage Opportunity Fund shares last traded at $9.7450, with a volume of 91,801 shares changing hands.

Western Asset Mortgage Opportunity Fund Price Performance

The company’s 50 day moving average price is $9.71 and its two-hundred day moving average price is $10.56.

Institutional Trading of Western Asset Mortgage Opportunity Fund

Hedge funds have recently bought and sold shares of the business. Choreo LLC acquired a new stake in shares of Western Asset Mortgage Opportunity Fund in the third quarter valued at approximately $120,000. Park Avenue Securities LLC boosted its stake in Western Asset Mortgage Opportunity Fund by 5.0% during the third quarter. Park Avenue Securities LLC now owns 88,096 shares of the investment management company’s stock worth $839,000 after buying an additional 4,213 shares during the last quarter. Integrated Capital Management Inc. boosted its stake in Western Asset Mortgage Opportunity Fund by 7.0% during the third quarter. Integrated Capital Management Inc. now owns 17,357 shares of the investment management company’s stock worth $165,000 after buying an additional 1,140 shares during the last quarter. Venture Visionary Partners LLC boosted its stake in Western Asset Mortgage Opportunity Fund by 21.8% during the third quarter. Venture Visionary Partners LLC now owns 152,218 shares of the investment management company’s stock worth $1,449,000 after buying an additional 27,199 shares during the last quarter. Finally, Noble Wealth Management PBC grew its holdings in Western Asset Mortgage Opportunity Fund by 7.9% in the 3rd quarter. Noble Wealth Management PBC now owns 42,987 shares of the investment management company’s stock valued at $409,000 after buying an additional 3,150 shares in the last quarter.

About Western Asset Mortgage Opportunity Fund

Western Asset Mortgage Opportunity Fund (NYSE: DMO) is a closed-end investment fund focused on mortgage-related securities. The fund seeks to generate current income and total return by investing in a portfolio of mortgage-backed and other mortgage-related investments.

Its investments may include residential mortgage-backed securities, commercial mortgage-backed securities and other debt instruments associated with the U.S. housing and commercial real estate markets. The portfolio can include both agency and non-agency securities, giving the fund exposure to mortgage credit and interest-rate markets.

The fund is managed by Western Asset Management Company, an investment manager specializing in fixed-income strategies.