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Shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE: DMO - Get Free Report) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $10.85 and traded as low as $10.35. Western Asset Mortgage Opportunity Fund shares last traded at $10.38, with a volume of 91,884 shares
The Western Asset Mortgage Opportunity Fund (DMO) offers high-yield exposure to non-agency RMBS and CMBS, but faces declining net investment income, resulting in weakening distribution coverage. The fund invests in a portfolio that is high-yield focused, but also employs a liberal amount of leverage, resulting in a fund that may not be appropriate for risk-averse investors. DMO's discount has widened since our last update, but given the downward trajectory, an even wider discount may be appropriate.
Western Asset Mortgage Opportunity Fund Inc. (NYSE: DMO - Get Free Report) shares crossed 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 trading
Western Asset Mortgage Opportunity Fund offers a high 13.3% yield but faces risks from aggressive leverage and reliance on net realized gains. DMO's performance is highly sensitive to interest rate direction; lower rates could improve operating spreads, while higher rates threaten earnings and NAV. The fund trades at a 6.94% discount to NAV, but this does not present a compelling accumulation opportunity given current risks and payout sustainability concerns.
Western Asset Mortgage Opportunity Fund Inc. (NYSE: DMO - Get Free Report) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 13,760 shares, an increase of 21.8% from the January 15th total of 11,297 shares. Based on an average trading volume of 81,354 shares, the days-to-cover ratio
Western Asset Mortgage Opportunity Fund Inc. (NYSE: DMO - Get Free Report) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 11,297 shares, a growth of 447.1% from the December 31st total of 2,065 shares. Based on an average daily volume of 82,640 shares,
NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.
Western Asset Mortgage Opportunity Fund Inc. (NYSE: DMO - Get Free Report) shares passed below its 200-day moving average during trading on Thursday. The stock has a 200-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