SeekingAlpha · Mar 10, 2026
DMO: The 13% Yield Is Limiting The Growth Potential
Western Asset Mortgage Opportunity Fund (DMO) yields 13.3% but leverage and rate risk threaten NAV and payouts; trading at a discount. See more here.
DM
NYSE · DMO
Western Asset Mortgage Opportunity Fund Inc.
Financial Services · Asset Management
$9.99
Down-$0.10 (-1.00%)
Updated Sep 10, 2026, 11:03 PM
SID Score
3.6/10
Composite research score
Smart Money
—
Institutional and insider signal
- Market cap
- 127.44M
- P/E ratio
- 8.16
- Dividend yield
- 19.22%
- 52-week range
- $9.99 – $11.28
- Volume
- 65.01K
- Avg. volume
- 49.09K
Price performance
DMO price history
1M range · 20 trading sessions · Daily adjusted prices
DMO closed at $9.99 after 20 trading sessions, down 4.68% for the selected period.
- Last close
- $9.99
- Period change
- -4.68%
- Period low
- $9.99
- Period high
- $10.52
Daily close
View OHLC price history
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Sep 9, 2026 | $10.03 | $10.06 | $9.99 | $9.99 | 65.01K |
| Sep 8, 2026 | $10.05 | $10.10 | $10.05 | $10.05 | 24.47K |
| Sep 4, 2026 | $10.14 | $10.14 | $10.06 | $10.08 | 34.46K |
| Sep 3, 2026 | $10.15 | $10.20 | $10.10 | $10.13 | 53.37K |
| Sep 2, 2026 | $10.22 | $10.24 | $10.15 | $10.18 | 23.52K |
| Sep 1, 2026 | $10.26 | $10.275 | $10.20 | $10.20 | 24.28K |
| Aug 31, 2026 | $10.27 | $10.33 | $10.10 | $10.22 | 97.82K |
| Aug 28, 2026 | $10.23 | $10.25 | $10.23 | $10.23 | 51.87K |
| Aug 27, 2026 | $10.29 | $10.315 | $10.24 | $10.25 | 38.47K |
| Aug 26, 2026 | $10.32 | $10.32 | $10.26 | $10.285 | 23.77K |
| Aug 25, 2026 | $10.27 | $10.32 | $10.26 | $10.32 | 23.1K |
| Aug 24, 2026 | $10.25 | $10.28 | $10.2322 | $10.24 | 24.6K |
| Aug 21, 2026 | $10.50 | $10.544 | $10.345 | $10.35 | 91.88K |
| Aug 20, 2026 | $10.49 | $10.52 | $10.46 | $10.47 | 52.02K |
| Aug 19, 2026 | $10.52 | $10.54 | $10.48 | $10.52 | 28.86K |
| Aug 18, 2026 | $10.52 | $10.55 | $10.46 | $10.48 | 34.96K |
| Aug 17, 2026 | $10.50 | $10.55 | $10.451 | $10.48 | 25.28K |
| Aug 14, 2026 | $10.49 | $10.54 | $10.49 | $10.49 | 18.62K |
| Aug 13, 2026 | $10.52 | $10.56 | $10.4762 | $10.50 | 46.26K |
| Aug 12, 2026 | $10.49 | $10.57 | $10.45 | $10.48 | 65.85K |
Latest DMO news
The latest Smart Investors Daily articles mentioning DMO.
Stock researchCompany · Overview
DMO research
Overview
Company profile and research snapshot.
Company profile
Western Asset Mortgage Defined Opportunity Fund Inc is a non-diversified, limited-term, closed-end management investment company. The fund's primary investment objective is to provide current income. As a secondary investment objective, the Fund will seek capital appreciation. The Fund seeks to achieve its investment objectives by investing in a diverse portfolio of mortgage-backed securities, consisting of non-agency residential mortgage-backed securities and commercial mortgage-backed securities.
Visit company websiteAnalyst outlook
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- Consensus
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- Implied upside
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seekingalpha.com · Dec 8, 2025
DMO: Distribution Trim Doesn't Push The Discount Wide Enough
Western Asset Mortgage Opportunity Fund remains unappealing due to a shallow discount and persistent lack of distribution coverage, even after a recent distribution cut. DMO's high leverage amplifies returns but also increases volatility, raising risk for investors in lower credit quality investments. DMO could be appealing if the discount widened significantly, particularly with the distribution coverage gap growing; there should be a wider discount to compensate for that.
SeekingAlpha · Dec 8, 2025
DMO: Distribution Trim Doesn't Push The Discount Wide Enough
Western Asset Mortgage Opportunity Fund Inc remains unappealing due to a shallow discount and lack of distribution coverage. Learn more about DMO CEF here.
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