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

Shares of 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 $12.05 and traded as low as $11.39. Western Asset Mortgage Opportunity Fund shares last traded at $11.44, with a volume of 143,815 shares trading hands.

Western Asset Mortgage Opportunity Fund Stock Down 0.6 %

The firm has a 50 day moving average price of $11.98 and a 200-day moving average price of $12.05.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be paid a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a yield of 13.64%. The ex-dividend date is Friday, January 24th.

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. Walleye Capital LLC bought a new position in Western Asset Mortgage Opportunity Fund during the 3rd quarter valued at about $244,000. SeaCrest Wealth Management LLC grew its stake in shares of Western Asset Mortgage Opportunity Fund by 21.0% during the third quarter. SeaCrest Wealth Management LLC now owns 27,164 shares of the investment management company’s stock valued at $325,000 after buying an additional 4,706 shares during the last quarter. Finally, MML Investors Services LLC raised its holdings in shares of Western Asset Mortgage Opportunity Fund by 1.3% in the third quarter. MML Investors Services LLC now owns 113,465 shares of the investment management company’s stock worth $1,358,000 after buying an additional 1,403 shares during the period.

About Western Asset Mortgage Opportunity Fund

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.