Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Shares Shorted: Short Interest Down 39.7% in October

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 10,534 shares, a decline of 39.7% from the September 30th total of 17,467 shares. Based on an average daily trading volume, of 131,708 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Legg Mason BW Global Income Opportunities Fund

A number of institutional investors have recently modified their holdings of the business. Chicago Partners Investment Group LLC purchased a new position in Legg Mason BW Global Income Opportunities Fund during the 3rd quarter worth $104,000. Rareview Capital LLC increased its stake in Legg Mason BW Global Income Opportunities Fund by 56.8% in the second quarter. Rareview Capital LLC now owns 179,226 shares of the company’s stock valued at $1,489,000 after purchasing an additional 64,914 shares during the period. Eclectic Associates Inc. ADV raised its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 8.6% in the second quarter. Eclectic Associates Inc. ADV now owns 44,441 shares of the company’s stock valued at $353,000 after buying an additional 3,511 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 21.3% in the first quarter. Royal Bank of Canada now owns 81,081 shares of the company’s stock valued at $622,000 after buying an additional 14,236 shares during the last quarter. Finally, Van Diest Capital LLC purchased a new stake in shares of Legg Mason BW Global Income Opportunities Fund in the first quarter valued at about $129,000.

Legg Mason BW Global Income Opportunities Fund Price Performance

NYSE BWG traded up $0.06 on Monday, reaching $6.87. The stock had a trading volume of 98,736 shares, compared to its average volume of 86,675. Legg Mason BW Global Income Opportunities Fund has a 12-month low of $6.69 and a 12-month high of $8.68. The business’s 50-day moving average price is $7.20 and its 200 day moving average price is $7.81.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, November 20th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 14.0%.

Legg Mason BW Global Income Opportunities Fund Company Profile

Legg Mason BW Global Income Opportunities Fund is a closed-end investment fund traded on the New York Stock Exchange under the symbol BWG. The fund seeks to provide investors with current income and, secondarily, capital appreciation by investing in a diversified portfolio of global fixed-income securities.

The fund may invest in government and sovereign debt, corporate bonds, emerging-market securities, and other income-producing instruments issued by companies and governments in the United States and international markets.