Bitcoin price today: falls to 2-week low below $113k ahead of Fed Jackson Hole
In a challenging economic climate, Western Asset Mortgage (NYSE:WMC) Defined Opportunity (SO:FTCE11B) Fund Inc. (DMO) stock has reached a 52-week low, dipping to $11.13. According to InvestingPro data, the stock's RSI indicates oversold conditions, while maintaining a notably low volatility profile with a beta of 0.34. This latest price level reflects a persistent downtrend for the investment company, trading at a P/E ratio of 7.28 with a market capitalization of $125.82 million. What's particularly noteworthy is DMO's impressive 13.84% dividend yield, having maintained dividend payments for 16 consecutive years. InvestingPro subscribers can access 5 additional key insights about DMO's financial health and market position. Investors are closely monitoring DMO's performance as it navigates through the volatile market conditions that have pressured the broader financial sector, leading to this new low watermark for the year. The fund's ability to rebound from this point will be watched with keen interest, as market participants consider the implications of this decline on their investment strategies.
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