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

Shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $10.64 and traded as low as $9.41. Western Asset Mortgage Opportunity Fund shares last traded at $9.4750, with a volume of 67,492 shares trading hands.

Western Asset Mortgage Opportunity Fund Price Performance

The company has a 50-day moving average price of $10.21 and a 200-day moving average price of $10.63.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, November 20th. This represents a $1.44 dividend on an annualized basis and a yield of 15.1%.

Institutional Trading of Western Asset Mortgage Opportunity Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC bought a new position in Western Asset Mortgage Opportunity Fund during the 2nd quarter worth approximately $32,000. Baird Financial Group Inc. raised its holdings in Western Asset Mortgage Opportunity Fund by 35.6% in the second quarter. Baird Financial Group Inc. now owns 182,317 shares of the investment management company’s stock worth $1,953,000 after purchasing an additional 47,908 shares during the period. HighTower Advisors LLC acquired a new stake in Western Asset Mortgage Opportunity Fund in the second quarter worth $307,000. Susquehanna International Group LLP boosted its position in shares of Western Asset Mortgage Opportunity Fund by 22.3% during the second quarter. Susquehanna International Group LLP now owns 17,389 shares of the investment management company’s stock worth $186,000 after purchasing an additional 3,169 shares in the last quarter. Finally, CoreCap Advisors LLC boosted its position in shares of 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 worth $186,000 after purchasing an additional 11,000 shares in the last quarter.

Western Asset Mortgage Opportunity Fund Company Profile

Western Asset Mortgage Opportunity Fund (NYSE: DMO) is a closed-end investment company managed by Western Asset Management Company LLC, an affiliate of Franklin Resources. The fund seeks to provide current income and total return by investing primarily in mortgage-related securities and other fixed-income assets.

Its portfolio may include residential and commercial mortgage-backed securities, including securities issued or guaranteed by government-sponsored entities as well as privately issued mortgage-related instruments.