Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Short Interest Up 69.9% in February

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 47,047 shares, a growth of 69.9% from the February 12th total of 27,691 shares. Based on an average daily volume of 100,784 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 100,784 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Legg Mason BW Global Income Opportunities Fund

Several hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its stake in Legg Mason BW Global Income Opportunities Fund by 607.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,691 shares of the company’s stock valued at $31,000 after purchasing an additional 3,169 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of Legg Mason BW Global Income Opportunities Fund by 339.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,397 shares of the company’s stock valued at $37,000 after purchasing an additional 3,397 shares during the period. Global Retirement Partners LLC bought a new stake in shares of Legg Mason BW Global Income Opportunities Fund during the fourth quarter valued at approximately $59,000. Integrity Advisory Solutions LLC acquired a new position in shares of Legg Mason BW Global Income Opportunities Fund during the fourth quarter worth approximately $92,000. Finally, Cerity Partners LLC acquired a new position in shares of Legg Mason BW Global Income Opportunities Fund during the second quarter worth approximately $105,000.

Legg Mason BW Global Income Opportunities Fund Price Performance

BWG traded down $0.06 during trading on Friday, reaching $7.83. 57,053 shares of the company were exchanged, compared to its average volume of 110,663. Legg Mason BW Global Income Opportunities Fund has a 52 week low of $7.46 and a 52 week high of $8.94. The firm has a 50 day moving average of $8.41 and a 200 day moving average of $8.50.

Legg Mason BW Global Income Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 12.3%.

About Legg Mason BW Global Income Opportunities Fund

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.