Western Asset Mortgage Opportunity Fund (NYSE:DMO) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.84 and traded as low as $11.25. Western Asset Mortgage Opportunity Fund shares last traded at $11.2950, with a volume of 100,618 shares changing hands.

Western Asset Mortgage Opportunity Fund Trading Up 0.2%

The firm has a fifty day simple moving average of $11.75 and a 200-day simple moving average of $11.84.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date is Friday, February 20th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DMO. Bank of America Corp DE boosted its holdings 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 period. Integrated Capital Management Inc. lifted its holdings in Western Asset Mortgage Opportunity Fund by 5.5% during the 2nd 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 last quarter. Walleye Capital LLC boosted its stake in Western Asset Mortgage Opportunity Fund by 80.5% in 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. Journey Strategic Wealth LLC grew its holdings in 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 buying an additional 10,500 shares in the last quarter. Finally, Aviance Capital Partners LLC grew its holdings in Western Asset Mortgage Opportunity Fund by 17.9% in the 2nd quarter. Aviance Capital Partners LLC now owns 38,143 shares of the investment management company’s stock valued at $455,000 after buying an additional 5,800 shares in 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.