Your email has been successfully added to our mailing list.

×
-0.00147058823529417 -0.00147058823529417 0.00343137254901945 0.00343137254901945 -0.000980392156862898 0.000490196078431275 0.00975490196078422 0.00931372549019597
Stock impact report

GFY: An “Orphaned Position” In The Closed-End Fund Market [Forbes]

Western Asset Mortgage Opportunity Fund Inc. (DMO) 
Company Research Source: Forbes
As nominal treasury rates and global interest rates continue their downward trend, opportunities for attractive, risk-adjusted returns in today’s market are seemingly few and far between. However, the closed-end fund market still offers a number of opportunities. At RVP, we scour these overlooked areas of the market to find underpriced, quality assets for our investors. Western Asset Variable Rate Strategic Fund Inc. (ticker: GFY) is one such opportunity. GFY is an example of an “orphaned position”: a stock that has been largely ignored by the market. GFY is a closed-end fund with a diverse portfolio of 400 holdings, primarily non-agency mortgages and corporate bonds that have a near-investment-grade average credit quality and a duration of less than one year. The fund currently has $83 million in net assets and is very modestly leveraged (22%), due in part to the fund’s relatively low-risk investments. Both nominally and relative to other mortgage-focused funds, GFY continues to trad Show less Read more
Impact Snapshot
Event Time:
DMO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for DMO alerts
Opt-in for
DMO alerts

from News Quantified
Opt-in for
DMO alerts

from News Quantified