GFY: An “Orphaned Position” In The Closed-End Fund Market [Forbes]
Western Asset Mortgage Opportunity Fund Inc. (DMO)
US:NYSE Investor Relations:
leggmason.com/en-us/products/closed-end-funds/western-asset-mortgage-defined-opportunity-fund-inc.html
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
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DMO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DMO alerts
High impacting Western Asset Mortgage Opportunity Fund Inc. news events
Weekly update
A roundup of the hottest topics
DMO
Sec Filings
- 11/22/24 - Form 3
- 11/21/24 - Form 3
- 11/21/24 - Form 3
- DMO's page on the SEC website