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

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 47,047 shares, an increase of 69.9% from the February 12th total of 27,691 shares. Based on an average trading volume of 100,784 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 100,784 shares, the days-to-cover ratio is presently 0.5 days.

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

Several large investors have recently added to or reduced their stakes in BWG. Geneos Wealth Management Inc. increased its stake 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 purchasing an additional 3,169 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 339.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,397 shares of the company’s stock valued at $37,000 after buying an additional 3,397 shares during the period. Global Retirement Partners LLC acquired a new position in shares of Legg Mason BW Global Income Opportunities Fund in the 4th quarter valued at about $59,000. Integrity Advisory Solutions LLC bought a new stake in shares of Legg Mason BW Global Income Opportunities Fund during the 4th quarter valued at about $92,000. Finally, Cerity Partners LLC bought a new stake in shares of Legg Mason BW Global Income Opportunities Fund during the 2nd quarter valued at about $105,000.

Legg Mason BW Global Income Opportunities Fund Stock Performance

Shares of Legg Mason BW Global Income Opportunities Fund stock traded down $0.06 on Friday, hitting $7.83. 57,053 shares of the company’s stock traded hands, compared to its average volume of 110,663. Legg Mason BW Global Income Opportunities Fund has a 52-week low of $7.46 and a 52-week high of $8.94. The firm’s 50-day moving average is $8.41 and its 200 day moving average is $8.50.

Legg Mason BW Global Income Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be given a $0.08 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 12.3%.

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.