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

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 34,283 shares, a drop of 38.1% from the April 15th total of 55,346 shares. Based on an average daily trading volume, of 73,185 shares, the short-interest ratio is currently 0.5 days.

Legg Mason BW Global Income Opportunities Fund Price Performance

NYSE BWG traded down $0.03 during mid-day trading on Monday, reaching $7.86. 48,552 shares of the stock were exchanged, compared to its average volume of 96,372. Legg Mason BW Global Income Opportunities Fund has a one year low of $7.46 and a one year high of $8.94. The stock has a 50 day simple moving average of $7.92 and a 200-day simple moving average of $8.25.

Legg Mason BW Global Income Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be paid a $0.08 dividend. This represents a c) annualized dividend and a yield of 12.2%. The ex-dividend date of this dividend is Monday, August 24th.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its stake in Legg Mason BW Global Income Opportunities Fund by 194.5% in the third quarter. Advisors Asset Management Inc. now owns 305,560 shares of the company’s stock valued at $2,652,000 after purchasing an additional 201,810 shares in the last quarter. Evolve Private Wealth LLC bought a new stake in Legg Mason BW Global Income Opportunities Fund in the fourth quarter valued at $142,000. Steward Partners Investment Advisory LLC increased its stake in Legg Mason BW Global Income Opportunities Fund by 339.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,397 shares of the company’s stock valued at $37,000 after purchasing an additional 3,397 shares in the last quarter. Integrity Advisory Solutions LLC bought a new stake in Legg Mason BW Global Income Opportunities Fund in the fourth quarter valued at $92,000. Finally, Eclectic Associates Inc. ADV bought a new stake in Legg Mason BW Global Income Opportunities Fund in the fourth quarter valued at $230,000.

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.