Western Asset Mortgage Opportunity Fund Inc.·Financial Services

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. 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. The fund invests primarily in mortgage-backed securities. It employs intensive proprietary research to create its portfolio. The fund benchmarks the performance of its portfolio against the BofA Merrill Lynch U.S. Floating Rate Home Equity Loan Asset Backed Securities Index. Western Asset Mortgage Opportunity Fund Inc. was formed on December 11, 2009 and is domiciled in the United States.
Financial Services
Asset Management
2010-02-24
0.42