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) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.87 and traded as low as $11.52. Western Asset Mortgage Opportunity Fund shares last traded at $11.5720, with a volume of 60,735 shares trading hands.

Western Asset Mortgage Opportunity Fund Price Performance

The firm’s 50-day simple moving average is $11.86 and its two-hundred day simple moving average is $11.87.

Western Asset Mortgage Opportunity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be given a $0.12 dividend. This represents a c) annualized dividend and a yield of 12.4%. The ex-dividend date is Friday, February 20th.

Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its position in shares of Western Asset Mortgage Opportunity Fund by 18.6% during the second quarter. Bank of America Corp DE now owns 15,490 shares of the investment management company’s stock worth $185,000 after acquiring an additional 2,424 shares during the last quarter. Integrated Capital Management Inc. increased its position in Western Asset Mortgage Opportunity Fund by 5.5% in the second quarter. Integrated Capital Management Inc. now owns 17,244 shares of the investment management company’s stock worth $206,000 after purchasing an additional 905 shares during the period. Virtu Financial LLC bought a new stake in Western Asset Mortgage Opportunity Fund during the 1st quarter worth about $205,000. Walleye Capital LLC lifted its position in Western Asset Mortgage Opportunity Fund by 80.5% during the 1st quarter. Walleye Capital LLC now owns 18,064 shares of the investment management company’s stock valued at $214,000 after purchasing an additional 8,054 shares during the period. Finally, Journey Strategic Wealth LLC boosted its stake in shares of Western Asset Mortgage Opportunity Fund by 78.7% in the 3rd quarter. Journey Strategic Wealth LLC now owns 23,850 shares of the investment management company’s stock valued at $280,000 after purchasing an additional 10,500 shares during the last quarter.

Western Asset Mortgage Opportunity Fund Company Profile

Western Asset Mortgage Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed Western Asset Management Company and Western Asset Management Company Limited. It invests in the fixed income markets of the United States.