Shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO – Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.93 and traded as low as $10.38. Western Asset Mortgage Opportunity Fund shares last traded at $10.4150, with a volume of 38,100 shares trading hands.
Western Asset Mortgage Opportunity Fund Stock Down 0.6%
The stock’s 50 day simple moving average is $10.73 and its two-hundred day simple moving average is $10.93.
Western Asset Mortgage Opportunity Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 13.9%.
Hedge Funds Weigh In On Western Asset Mortgage Opportunity Fund
Western Asset Mortgage Opportunity Fund Company Profile
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.
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