Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Short Interest Up 70.3% in December

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 15,076 shares, an increase of 70.3% from the December 15th total of 8,854 shares. Based on an average trading volume of 81,677 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 81,677 shares, the days-to-cover ratio is presently 0.2 days.

Legg Mason BW Global Income Opportunities Fund Stock Performance

Shares of BWG traded down $0.06 during midday trading on Friday, reaching $8.48. The stock had a trading volume of 111,355 shares, compared to its average volume of 94,723. The firm has a 50 day simple moving average of $8.42 and a 200-day simple moving average of $8.53. Legg Mason BW Global Income Opportunities Fund has a one year low of $7.46 and a one year high of $8.94.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be given a dividend of $0.08 per share. This represents a c) dividend on an annualized basis and a yield of 11.3%. The ex-dividend date of this dividend is Friday, February 20th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. lifted its holdings 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 last quarter. Cerity Partners LLC bought a new position in shares of Legg Mason BW Global Income Opportunities Fund in the second quarter valued at about $105,000. XTX Topco Ltd acquired a new stake in shares of Legg Mason BW Global Income Opportunities Fund during the 2nd quarter worth about $111,000. Osaic Holdings Inc. lifted its stake in shares of Legg Mason BW Global Income Opportunities Fund by 21.4% during the 2nd quarter. Osaic Holdings Inc. now owns 19,561 shares of the company’s stock worth $163,000 after buying an additional 3,442 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 5.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 24,770 shares of the company’s stock worth $206,000 after buying an additional 1,298 shares during the period.

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.