Short Interest in Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Declines By 71.0%

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 14,235 shares, a drop of 71.0% from the May 14th total of 49,056 shares. Based on an average daily volume of 71,471 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Legg Mason BW Global Income Opportunities Fund

Several institutional investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its position in shares of Legg Mason BW Global Income Opportunities Fund by 21.3% during the 1st quarter. Royal Bank of Canada now owns 81,081 shares of the company’s stock valued at $622,000 after acquiring an additional 14,236 shares in the last quarter. Van Diest Capital LLC acquired a new stake in shares of Legg Mason BW Global Income Opportunities Fund during the 1st quarter valued at about $129,000. Stephens Inc. AR boosted its position in shares of Legg Mason BW Global Income Opportunities Fund by 17.2% during the 1st quarter. Stephens Inc. AR now owns 158,528 shares of the company’s stock valued at $1,216,000 after acquiring an additional 23,217 shares in the last quarter. Rareview Capital LLC lifted its holdings in Legg Mason BW Global Income Opportunities Fund by 104.6% during the 1st quarter. Rareview Capital LLC now owns 114,312 shares of the company’s stock valued at $950,000 after purchasing an additional 58,436 shares during the last quarter. Finally, Private Advisor Group LLC lifted its holdings in Legg Mason BW Global Income Opportunities Fund by 15.5% during the 1st quarter. Private Advisor Group LLC now owns 167,744 shares of the company’s stock valued at $1,287,000 after purchasing an additional 22,493 shares during the last quarter.

Legg Mason BW Global Income Opportunities Fund Stock Performance

NYSE BWG traded up $0.07 during midday trading on Thursday, hitting $7.90. The company had a trading volume of 30,745 shares, compared to its average volume of 92,212. The firm has a fifty day simple moving average of $7.96 and a two-hundred day simple moving average of $8.19. Legg Mason BW Global Income Opportunities Fund has a fifty-two week low of $7.46 and a fifty-two week high of $8.94.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be given a dividend of $0.08 per share. This represents a c) annualized dividend and a dividend yield of 12.2%. The ex-dividend date is Monday, August 24th.

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.