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

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.61 and traded as low as $11.23. Western Asset Mortgage Opportunity Fund shares last traded at $11.2550, with a volume of 86,285 shares traded.

Western Asset Mortgage Opportunity Fund Price Performance

The business has a 50 day simple moving average of $11.11 and a 200 day simple moving average of $11.61.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 12.8%.

Hedge Funds Weigh In On Western Asset Mortgage Opportunity Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DMO. Noble Wealth Management PBC grew its position 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 acquiring an additional 10,822 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Western Asset Mortgage Opportunity Fund by 18.6% in the 2nd quarter. Bank of America Corp DE now owns 15,490 shares of the investment management company’s stock valued at $185,000 after purchasing an additional 2,424 shares during the last quarter. Marex Group plc bought a new stake in Western Asset Mortgage Opportunity Fund in the fourth quarter worth $189,000. Journey Strategic Wealth LLC increased its position in Western Asset Mortgage Opportunity Fund by 78.7% during the third quarter. Journey Strategic Wealth LLC now owns 23,850 shares of the investment management company’s stock worth $280,000 after buying an additional 10,500 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in Western Asset Mortgage Opportunity Fund by 3.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 35,897 shares of the investment management company’s stock valued at $397,000 after buying an additional 1,097 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.