Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Short Interest Down 33.4% in August

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 22,236 shares, a decrease of 33.4% from the August 15th total of 33,366 shares. Based on an average trading volume of 49,643 shares, the days-to-cover ratio is currently 0.4 days.

Legg Mason BW Global Income Opportunities Fund Trading Up 0.4%

BWG stock traded up $0.03 during trading on Thursday, hitting $7.33. The company had a trading volume of 31,191 shares, compared to its average volume of 82,714. Legg Mason BW Global Income Opportunities Fund has a 52-week low of $7.15 and a 52-week high of $8.94. The company has a 50 day simple moving average of $7.71 and a 200-day simple moving average of $7.85.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a c) dividend on an annualized basis and a yield of 13.1%.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in BWG. Global Retirement Partners LLC purchased a new stake in shares of Legg Mason BW Global Income Opportunities Fund during the fourth quarter valued at about $59,000. Integrity Advisory Solutions LLC purchased a new position in shares of Legg Mason BW Global Income Opportunities Fund in the 4th quarter worth approximately $92,000. Van Diest Capital LLC bought a new position in shares of Legg Mason BW Global Income Opportunities Fund during the 1st quarter worth approximately $129,000. Closed End Fund Advisors Inc. bought a new position in shares of Legg Mason BW Global Income Opportunities Fund during the 4th quarter worth approximately $172,000. Finally, Eclectic Associates Inc. ADV lifted its position in Legg Mason BW Global Income Opportunities Fund by 8.6% during the second quarter. Eclectic Associates Inc. ADV now owns 44,441 shares of the company’s stock valued at $353,000 after acquiring an additional 3,511 shares during the last quarter.

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.