Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Sees Significant Drop in Short Interest

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 22,236 shares, a decline of 33.4% from the August 15th total of 33,366 shares. Based on an average trading volume of 49,643 shares, the short-interest ratio is currently 0.4 days.

Legg Mason BW Global Income Opportunities Fund Stock Performance

Shares of BWG traded up $0.03 during mid-day trading on Thursday, hitting $7.33. 31,191 shares of the company traded hands, compared to its average volume of 82,714. The business has a 50 day moving average of $7.71 and a 200 day moving average of $7.85. Legg Mason BW Global Income Opportunities Fund has a 1-year low of $7.15 and a 1-year high of $8.94.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, November 20th. This represents a c) dividend on an annualized basis and a yield of 13.1%.

Institutional Investors Weigh In On Legg Mason BW Global Income Opportunities Fund

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC purchased a new position in Legg Mason BW Global Income Opportunities Fund in the 4th quarter worth $59,000. Integrity Advisory Solutions LLC purchased a new stake in shares of Legg Mason BW Global Income Opportunities Fund in the 4th quarter valued at $92,000. Van Diest Capital LLC purchased a new stake in Legg Mason BW Global Income Opportunities Fund in the first quarter valued at $129,000. Closed End Fund Advisors Inc. purchased a new stake in shares of Legg Mason BW Global Income Opportunities Fund in the fourth quarter worth about $172,000. Finally, Eclectic Associates Inc. ADV boosted its position in Legg Mason BW Global Income Opportunities Fund by 8.6% in the 2nd quarter. Eclectic Associates Inc. ADV now owns 44,441 shares of the company’s stock worth $353,000 after purchasing an additional 3,511 shares in the last quarter.

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.