Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Short Interest Update

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 41,150 shares, a growth of 25.2% from the January 15th total of 32,870 shares. Based on an average trading volume of 123,864 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 123,864 shares, the days-to-cover ratio is currently 0.3 days.

Legg Mason BW Global Income Opportunities Fund Stock Performance

Shares of NYSE BWG opened at $8.56 on Wednesday. Legg Mason BW Global Income Opportunities Fund has a 1-year low of $7.46 and a 1-year high of $8.94. The business has a fifty day moving average price of $8.50 and a 200 day moving average price of $8.55.

Legg Mason BW Global Income Opportunities Fund Announces Dividend

The company 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) annualized dividend and a dividend yield of 11.2%. The ex-dividend date of this dividend is Friday, February 20th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its position in Legg Mason BW Global Income Opportunities Fund by 607.1% during the second quarter. Geneos Wealth Management Inc. now owns 3,691 shares of the company’s stock valued at $31,000 after acquiring an additional 3,169 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 339.7% during the 4th 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 last quarter. Global Retirement Partners LLC purchased a new stake in shares of Legg Mason BW Global Income Opportunities Fund during the 4th quarter valued at $59,000. Integrity Advisory Solutions LLC acquired a new stake in shares of Legg Mason BW Global Income Opportunities Fund in the 4th quarter worth $92,000. Finally, Cerity Partners LLC purchased a new position in Legg Mason BW Global Income Opportunities Fund during the 2nd quarter worth $105,000.

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.