Short Interest in Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Drops By 22.4%

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totaling 66,900 shares, a decrease of 22.4% from the August 15th total of 86,200 shares. Based on an average trading volume of 87,700 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 87,700 shares, the short-interest ratio is currently 0.8 days.

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

Hedge funds have recently modified their holdings of the stock. Shaker Financial Services LLC grew its position in Legg Mason BW Global Income Opportunities Fund by 53.7% during the 2nd quarter. Shaker Financial Services LLC now owns 382,468 shares of the company’s stock worth $3,209,000 after acquiring an additional 133,608 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in Legg Mason BW Global Income Opportunities Fund during the 2nd quarter worth approximately $399,000. Bank of America Corp DE grew its position in Legg Mason BW Global Income Opportunities Fund by 12.6% during the 2nd quarter. Bank of America Corp DE now owns 426,179 shares of the company’s stock worth $3,542,000 after acquiring an additional 47,748 shares during the last quarter. AlphaCore Capital LLC bought a new stake in Legg Mason BW Global Income Opportunities Fund during the 1st quarter worth approximately $259,000. Finally, Rareview Capital LLC bought a new stake in Legg Mason BW Global Income Opportunities Fund during the 2nd quarter worth approximately $216,000.

Legg Mason BW Global Income Opportunities Fund Price Performance

Shares of BWG opened at $8.87 on Wednesday. Legg Mason BW Global Income Opportunities Fund has a 1 year low of $7.46 and a 1 year high of $8.95. The stock has a 50 day simple moving average of $8.56 and a 200-day simple moving average of $8.29.

Legg Mason BW Global Income Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 24th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%.

About Legg Mason BW Global Income Opportunities Fund

Legg Mason BW Global Income Opportunities Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Brandywine Global Investment Management, LLC. It invests in fixed income markets. The fund employs fundamental analysis to create its portfolio.