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

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 24,300 shares, a decline of 38.5% from the February 13th total of 39,500 shares. Based on an average daily volume of 76,800 shares, the days-to-cover ratio is presently 0.3 days.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC increased its holdings in Legg Mason BW Global Income Opportunities Fund by 36.4% during the 4th quarter. Guggenheim Capital LLC now owns 325,871 shares of the company’s stock worth $2,607,000 after purchasing an additional 87,049 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Legg Mason BW Global Income Opportunities Fund during the fourth quarter worth about $603,000. Pathstone Holdings LLC raised its position in Legg Mason BW Global Income Opportunities Fund by 4.7% in the 3rd quarter. Pathstone Holdings LLC now owns 726,022 shares of the company’s stock valued at $6,419,000 after buying an additional 32,744 shares during the last quarter. LPL Financial LLC lifted its stake in Legg Mason BW Global Income Opportunities Fund by 17.1% in the 4th quarter. LPL Financial LLC now owns 185,714 shares of the company’s stock valued at $1,486,000 after acquiring an additional 27,101 shares in the last quarter. Finally, Apollon Wealth Management LLC bought a new position in shares of Legg Mason BW Global Income Opportunities Fund during the 4th quarter worth approximately $214,000.

Legg Mason BW Global Income Opportunities Fund Price Performance

NYSE BWG traded up $0.01 during trading hours on Friday, reaching $8.38. 61,917 shares of the company’s stock were exchanged, compared to its average volume of 59,805. The company’s 50-day moving average is $8.31 and its two-hundred day moving average is $8.46. Legg Mason BW Global Income Opportunities Fund has a one year low of $7.81 and a one year high of $8.95.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be given a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a dividend yield of 11.45%. The ex-dividend date of this dividend is Monday, March 24th.

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.