Short Interest in Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Declines By 71.0%

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 14,235 shares, a decline of 71.0% from the May 14th total of 49,056 shares. Based on an average trading volume of 71,471 shares, the short-interest ratio is currently 0.2 days.

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

A number of institutional investors have recently modified their holdings of the stock. Pathstone Holdings LLC raised its stake in shares of Legg Mason BW Global Income Opportunities Fund by 48.0% in the third quarter. Pathstone Holdings LLC now owns 1,318,834 shares of the company’s stock worth $11,447,000 after acquiring an additional 427,597 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Legg Mason BW Global Income Opportunities Fund by 46.3% during the 4th quarter. Advisors Asset Management Inc. now owns 447,140 shares of the company’s stock worth $3,743,000 after buying an additional 141,580 shares during the period. Bank of America Corp DE grew its position in shares of 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 buying an additional 47,748 shares during the period. Invesco Ltd. grew its position in shares of Legg Mason BW Global Income Opportunities Fund by 5.6% during the 4th quarter. Invesco Ltd. now owns 186,471 shares of the company’s stock worth $1,561,000 after buying an additional 9,840 shares during the period. Finally, Private Advisor Group LLC grew its position in shares of Legg Mason BW Global Income Opportunities Fund by 15.5% during the 1st quarter. Private Advisor Group LLC now owns 167,744 shares of the company’s stock worth $1,287,000 after buying an additional 22,493 shares during the period.

Legg Mason BW Global Income Opportunities Fund Trading Up 0.8%

Shares of NYSE BWG traded up $0.07 during trading on Thursday, reaching $7.90. The company had a trading volume of 30,745 shares, compared to its average volume of 92,212. Legg Mason BW Global Income Opportunities Fund has a 52 week low of $7.46 and a 52 week high of $8.94. The business’s 50 day moving average price is $7.96 and its 200-day moving average price is $8.19.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%.

Legg Mason BW Global Income Opportunities Fund Company Profile

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.