Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Short Interest Down 71.0% in May

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 14,235 shares, a decline of 71.0% from the May 14th total of 49,056 shares. Based on an average daily trading volume, of 71,471 shares, the days-to-cover ratio is presently 0.2 days.

Legg Mason BW Global Income Opportunities Fund Price Performance

Shares of BWG traded up $0.04 on Friday, hitting $7.98. 106,820 shares of the stock traded hands, compared to its average volume of 92,388. The business has a 50 day simple moving average of $7.97 and a 200 day simple moving average of $8.19. 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 company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 12.0%.

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

Several institutional investors and hedge funds have recently made changes to their positions in BWG. Royal Bank of Canada increased its position in shares of Legg Mason BW Global Income Opportunities Fund by 7.0% during the first quarter. Royal Bank of Canada now owns 87,667 shares of the company’s stock valued at $732,000 after acquiring an additional 5,728 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Legg Mason BW Global Income Opportunities Fund during the second quarter valued at approximately $111,000. Invesco Ltd. boosted its holdings in Legg Mason BW Global Income Opportunities Fund by 14.5% in the second quarter. Invesco Ltd. now owns 139,368 shares of the company’s stock worth $1,158,000 after purchasing an additional 17,698 shares during the last quarter. Cerity Partners LLC purchased a new stake in Legg Mason BW Global Income Opportunities Fund in the second quarter worth approximately $105,000. Finally, Ameriprise Financial Inc. boosted its holdings in Legg Mason BW Global Income Opportunities Fund by 5.5% in the second quarter. Ameriprise Financial Inc. now owns 24,770 shares of the company’s stock worth $206,000 after purchasing an additional 1,298 shares during the last quarter.

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.