Short Interest in Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Drops By 32.7%

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) was the target of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 27,691 shares, a decline of 32.7% from the January 29th total of 41,150 shares. Based on an average daily volume of 111,320 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 111,320 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Legg Mason BW Global Income Opportunities Fund

Several large investors have recently modified their holdings of BWG. Geneos Wealth Management Inc. lifted its stake in Legg Mason BW Global Income Opportunities Fund by 607.1% in 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 lifted its position 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 buying an additional 3,397 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of Legg Mason BW Global Income Opportunities Fund during the 4th quarter worth $59,000. Integrity Advisory Solutions LLC bought a new position in shares of Legg Mason BW Global Income Opportunities Fund during the 4th quarter worth $92,000. Finally, Cerity Partners LLC purchased a new stake in Legg Mason BW Global Income Opportunities Fund in the 2nd quarter worth about $105,000.

Legg Mason BW Global Income Opportunities Fund Trading Down 0.3%

Shares of Legg Mason BW Global Income Opportunities Fund stock traded down $0.02 during trading hours on Friday, hitting $8.30. 71,408 shares of the company’s stock traded hands, compared to its average volume of 107,387. Legg Mason BW Global Income Opportunities Fund has a 12-month low of $7.46 and a 12-month high of $8.94. The company has a fifty day simple moving average of $8.49 and a 200-day simple moving average of $8.54.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) annualized dividend and a yield of 11.6%.

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.