Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Short Interest Down 32.7% in February

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 27,691 shares, a decline of 32.7% from the January 29th total of 41,150 shares. Based on an average daily volume of 111,320 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 111,320 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BWG. Pathstone Holdings LLC increased its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 48.0% in the third quarter. Pathstone Holdings LLC now owns 1,318,834 shares of the company’s stock worth $11,447,000 after purchasing an additional 427,597 shares during the period. Advisors Asset Management Inc. grew its position in Legg Mason BW Global Income Opportunities Fund by 46.3% during the fourth quarter. Advisors Asset Management Inc. now owns 447,140 shares of the company’s stock worth $3,743,000 after buying an additional 141,580 shares in the last quarter. Bank of America Corp DE increased its stake in Legg Mason BW Global Income Opportunities Fund by 12.6% in the 2nd quarter. Bank of America Corp DE now owns 426,179 shares of the company’s stock worth $3,542,000 after acquiring an additional 47,748 shares during the last quarter. Shaker Financial Services LLC raised its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 53.7% in the 2nd quarter. Shaker Financial Services LLC now owns 382,468 shares of the company’s stock valued at $3,209,000 after acquiring an additional 133,608 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Legg Mason BW Global Income Opportunities Fund by 5.6% during the 4th quarter. Invesco Ltd. now owns 186,471 shares of the company’s stock valued at $1,561,000 after acquiring an additional 9,840 shares during the last quarter.

Legg Mason BW Global Income Opportunities Fund Stock Performance

BWG traded down $0.02 during trading on Friday, reaching $8.30. 71,408 shares of the company were exchanged, compared to its average volume of 107,387. Legg Mason BW Global Income Opportunities Fund has a 12-month low of $7.46 and a 12-month high of $8.94. The company’s 50-day moving average is $8.49 and its two-hundred day moving average is $8.54.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a dividend of $0.08 per share. This represents a c) dividend on an annualized basis and a yield of 11.6%. The ex-dividend date of this dividend is Thursday, May 21st.

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.