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) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 5,900 shares, a decline of 84.0% from the December 31st total of 36,900 shares. Based on an average daily trading volume, of 68,500 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Wolverine Asset Management LLC acquired a new stake in shares of Legg Mason BW Global Income Opportunities Fund in the third quarter valued at about $136,000. Shaker Financial Services LLC increased its position in Legg Mason BW Global Income Opportunities Fund by 6.8% during the 3rd quarter. Shaker Financial Services LLC now owns 260,281 shares of the company’s stock worth $2,322,000 after purchasing an additional 16,666 shares in the last quarter. HighTower Advisors LLC purchased a new stake in shares of Legg Mason BW Global Income Opportunities Fund during the third quarter worth about $173,000. Sanctuary Advisors LLC acquired a new position in Legg Mason BW Global Income Opportunities Fund in the 2nd quarter valued at $171,000. Finally, Apollon Wealth Management LLC purchased a new position in Legg Mason BW Global Income Opportunities Fund during the fourth quarter worth about $214,000.

Legg Mason BW Global Income Opportunities Fund Trading Down 0.9 %

Shares of Legg Mason BW Global Income Opportunities Fund stock traded down $0.08 on Wednesday, reaching $8.22. 115,788 shares of the stock were exchanged, compared to its average volume of 92,049. Legg Mason BW Global Income Opportunities Fund has a 1-year low of $7.81 and a 1-year high of $8.95. The business has a fifty day moving average price of $8.24 and a two-hundred day moving average price of $8.50.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 21st will be given a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 11.69%. The ex-dividend date is Friday, February 21st.

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.