Short Interest in Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Drops By 38.1%

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 volume of 73,185 shares, the short-interest ratio is presently 0.5 days.

Legg Mason BW Global Income Opportunities Fund Trading Down 1.3%

Shares of NYSE BWG traded down $0.10 during midday trading on Friday, hitting $7.88. The company’s stock had a trading volume of 87,546 shares, compared to its average volume of 96,886. The business’s 50 day moving average is $7.92 and its two-hundred day moving average is $8.26. Legg Mason BW Global Income Opportunities Fund has a 12-month low of $7.46 and a 12-month high of $8.94.

Legg Mason BW Global Income Opportunities Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given 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 Trading of Legg Mason BW Global Income Opportunities Fund

A number of large investors have recently made changes to their positions in the stock. Pathstone Holdings LLC increased its stake in Legg Mason BW Global Income Opportunities Fund by 48.0% in the 3rd quarter. Pathstone Holdings LLC now owns 1,318,834 shares of the company’s stock worth $11,447,000 after buying an additional 427,597 shares during the period. Advisors Asset Management Inc. boosted its position in Legg Mason BW Global Income Opportunities Fund by 194.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 305,560 shares of the company’s stock valued at $2,652,000 after buying an additional 201,810 shares during the period. Rareview Capital LLC grew its stake in Legg Mason BW Global Income Opportunities Fund by 104.6% in the 1st quarter. Rareview Capital LLC now owns 114,312 shares of the company’s stock worth $950,000 after acquiring an additional 58,436 shares in the last quarter. Bank of America Corp DE increased its position in shares of Legg Mason BW Global Income Opportunities Fund by 12.6% during the second 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 period. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Legg Mason BW Global Income Opportunities Fund during the third quarter valued at approximately $407,000.

About Legg Mason BW Global Income Opportunities Fund

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.