Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Short Interest Down 69.4% in December

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 8,854 shares, a decrease of 69.4% from the November 30th total of 28,959 shares. Based on an average daily volume of 81,774 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 81,774 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BWG. Geneos Wealth Management Inc. boosted its holdings in Legg Mason BW Global Income Opportunities Fund by 607.1% in the second quarter. Geneos Wealth Management Inc. now owns 3,691 shares of the company’s stock worth $31,000 after acquiring an additional 3,169 shares in the last quarter. Cerity Partners LLC purchased a new position in shares of Legg Mason BW Global Income Opportunities Fund in the 2nd quarter worth about $105,000. XTX Topco Ltd bought a new position in Legg Mason BW Global Income Opportunities Fund in the 2nd quarter worth about $111,000. Osaic Holdings Inc. boosted its stake in Legg Mason BW Global Income Opportunities Fund by 21.4% in the 2nd quarter. Osaic Holdings Inc. now owns 19,561 shares of the company’s stock worth $163,000 after purchasing an additional 3,442 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in Legg Mason BW Global Income Opportunities Fund by 5.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 24,770 shares of the company’s stock valued at $206,000 after purchasing an additional 1,298 shares during the last quarter.

Legg Mason BW Global Income Opportunities Fund Stock Up 0.4%

Shares of Legg Mason BW Global Income Opportunities Fund stock traded up $0.03 during trading on Friday, hitting $8.51. The company’s stock had a trading volume of 67,546 shares, compared to its average volume of 82,502. Legg Mason BW Global Income Opportunities Fund has a 52 week low of $7.46 and a 52 week high of $8.94. The company has a fifty day simple moving average of $8.44 and a two-hundred day simple moving average of $8.49.

Legg Mason BW Global Income Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be issued a dividend of $0.08 per share. This represents a c) annualized dividend and a dividend yield of 11.3%. The ex-dividend date is Friday, February 20th.

Legg Mason BW Global Income Opportunities Fund Company Profile

Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) is a diversified closed-end management investment company that seeks to provide current income and capital appreciation. The fund primarily invests in global fixed income securities, including non-investment grade bonds, emerging market debt and high-yield corporate obligations. It may also allocate to convertible securities, preferred stocks, dividend-paying equities and other income-producing assets to enhance overall yield.

The fund employs leverage to potentially increase its income-generating capacity and is designed to deliver monthly distributions to shareholders.