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

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.45 and traded as low as $10.77. Western Asset Mortgage Opportunity Fund shares last traded at $10.8550, with a volume of 34,959 shares.

Western Asset Mortgage Opportunity Fund Stock Down 1.9%

The firm’s fifty day simple moving average is $11.06 and its 200 day simple moving average is $11.44.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 13.7%.

Institutional Trading of Western Asset Mortgage Opportunity Fund

Several large investors have recently added to or reduced their stakes in the company. Aviance Capital Partners LLC raised its position in Western Asset Mortgage Opportunity Fund by 2.4% during the third quarter. Aviance Capital Partners LLC now owns 39,059 shares of the investment management company’s stock valued at $458,000 after buying an additional 916 shares during the period. Bank of America Corp DE increased its holdings in shares of Western Asset Mortgage Opportunity Fund by 6.1% in the 3rd quarter. Bank of America Corp DE now owns 16,442 shares of the investment management company’s stock valued at $193,000 after purchasing an additional 952 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Western Asset Mortgage Opportunity Fund by 3.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 35,897 shares of the investment management company’s stock worth $397,000 after purchasing an additional 1,097 shares in the last quarter. Raymond James Financial Inc. grew its position in Western Asset Mortgage Opportunity Fund by 11.9% during the third quarter. Raymond James Financial Inc. now owns 87,941 shares of the investment management company’s stock valued at $1,031,000 after purchasing an additional 9,350 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in Western Asset Mortgage Opportunity Fund by 2.7% in the 1st quarter. Royal Bank of Canada now owns 388,487 shares of the investment management company’s stock valued at $4,592,000 after buying an additional 10,116 shares during the period.

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.