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

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 30,764 shares, a decline of 34.6% from the February 26th total of 47,047 shares. Based on an average daily volume of 128,309 shares, the short-interest ratio is currently 0.2 days.

Legg Mason BW Global Income Opportunities Fund Stock Down 2.1%

Shares of Legg Mason BW Global Income Opportunities Fund stock opened at $7.48 on Friday. Legg Mason BW Global Income Opportunities Fund has a 1 year low of $7.46 and a 1 year high of $8.94. The stock has a fifty day moving average price of $8.24 and a 200-day moving average price of $8.43.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, May 21st. This represents a c) annualized dividend and a yield of 12.8%.

Institutional Trading of Legg Mason BW Global Income Opportunities Fund

Hedge funds have recently added to or reduced their stakes in the stock. Flax Pond Capital LLC purchased a new position in Legg Mason BW Global Income Opportunities Fund in the fourth quarter valued at about $151,000. Invesco Ltd. increased its stake in shares of Legg Mason BW Global Income Opportunities Fund by 5.6% during the 4th quarter. Invesco Ltd. now owns 186,471 shares of the company’s stock worth $1,561,000 after purchasing an additional 9,840 shares during the last quarter. Evolve Private Wealth LLC purchased a new stake in shares of Legg Mason BW Global Income Opportunities Fund during the 4th quarter worth approximately $142,000. Cetera Investment Advisers raised its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 13.6% in the 4th quarter. Cetera Investment Advisers now owns 51,819 shares of the company’s stock worth $434,000 after purchasing an additional 6,221 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 46.3% in the 4th quarter. Advisors Asset Management Inc. now owns 447,140 shares of the company’s stock worth $3,743,000 after purchasing an additional 141,580 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.