Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Short Interest Up 69.9% in February

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) was the target of a significant 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 daily volume of 100,784 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 100,784 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Legg Mason BW Global Income Opportunities Fund

Several institutional investors and hedge funds have recently made changes to their positions in BWG. Geneos Wealth Management Inc. increased its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 607.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,691 shares of the company’s stock valued at $31,000 after acquiring an additional 3,169 shares during the period. Steward Partners Investment Advisory LLC grew its position in 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 worth $37,000 after purchasing an additional 3,397 shares during the last quarter. Global Retirement Partners LLC acquired a new position in Legg Mason BW Global Income Opportunities Fund in the fourth quarter valued at $59,000. Integrity Advisory Solutions LLC purchased a new stake in shares of Legg Mason BW Global Income Opportunities Fund in the fourth quarter valued at about $92,000. Finally, Cerity Partners LLC purchased a new stake in shares of Legg Mason BW Global Income Opportunities Fund in the second quarter valued at about $105,000.

Legg Mason BW Global Income Opportunities Fund Stock Down 1.0%

Legg Mason BW Global Income Opportunities Fund stock opened at $7.81 on Friday. The company has a fifty day simple moving average of $8.40 and a 200-day simple moving average of $8.50. Legg Mason BW Global Income Opportunities Fund has a 12-month low of $7.46 and a 12-month high of $8.94.

Legg Mason BW Global Income Opportunities Fund Announces Dividend

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 issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 12.3%.

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.