Western Asset Mortgage Opportunity Fund Director Sale Hillary A Buys 1,694 Shares at $11.8/Share

Western Asset Mortgage Opportunity Fund Inc. (DMO) has announced that Director Sale Hillary A has purchased 1,694 shares at a price of $11.8 per share on June 2, 2023.

Western Asset Mortgage Opportunity Fund Inc. (DMO) has seen significant insider activity, with its Director Sale Hillary A purchasing 1,694 shares at a price of $11.8 per share on June 2, 2023. This transaction, disclosed in a recent SEC filing, indicates a notable bullish sentiment from a high-ranking executive within the company.

The purchase, totaling $19,639.2, was made two days after the transaction occurred, adhering to the two-day disclosure requirement for insider trading. This activity suggests that Director Sale Hillary A is optimistic about the future prospects of DMO, potentially signaling confidence in the company's performance and strategy.

While the immediate impact of this purchase on the company's stock price is uncertain, it can be seen as a positive indicator for investors. Insider buying can often be an early sign of a company's upward trajectory, as executives are typically well-informed about the company's future direction.

For further insights into the latest insider trading activities, refer to the QuiverQuant Insider Trading Dashboard [2]. This platform provides real-time updates on corporate insider trades, offering valuable information for investors and financial professionals.

References:
[1] https://www.tradingview.com/news/tradingview:1feb42c86a64c:0-western-asset-mortgage-opportunity-fund-director-acquires-1-000-shares/
[2] https://www.quiverquant.com/insiders/