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 large drop in short interest in the month of January. As of January 15th, there was short interest totalling 5,900 shares, a drop 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 currently 0.1 days.

Legg Mason BW Global Income Opportunities Fund Trading Down 0.9 %

Shares of NYSE:BWG traded down $0.08 during trading on Wednesday, hitting $8.22. The company’s stock had a trading volume of 115,788 shares, compared to its average volume of 92,049. Legg Mason BW Global Income Opportunities Fund has a fifty-two week low of $7.81 and a fifty-two week high of $8.95. The stock’s 50-day moving average price is $8.24 and its two-hundred day moving average price is $8.50.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 21st will be issued 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.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pathstone Holdings LLC increased its stake in Legg Mason BW Global Income Opportunities Fund by 4.7% during the third quarter. Pathstone Holdings LLC now owns 726,022 shares of the company’s stock valued at $6,419,000 after purchasing an additional 32,744 shares during the last quarter. Shaker Financial Services LLC lifted its holdings in Legg Mason BW Global Income Opportunities Fund by 6.8% in the third quarter. Shaker Financial Services LLC now owns 260,281 shares of the company’s stock worth $2,322,000 after acquiring an additional 16,666 shares during the last quarter. Apollon Wealth Management LLC acquired a new position in Legg Mason BW Global Income Opportunities Fund in the fourth quarter valued at approximately $214,000. Sanctuary Advisors LLC bought a new position in shares of Legg Mason BW Global Income Opportunities Fund during the second quarter valued at approximately $171,000. Finally, HighTower Advisors LLC bought a new position in shares of Legg Mason BW Global Income Opportunities Fund during the third quarter valued at approximately $173,000.

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.