Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Short Interest Down 33.4% in August

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 22,236 shares, a decline of 33.4% from the August 15th total of 33,366 shares. Based on an average daily trading volume, of 49,643 shares, the short-interest ratio is currently 0.4 days.

Legg Mason BW Global Income Opportunities Fund Price Performance

Legg Mason BW Global Income Opportunities Fund stock traded down $0.03 during mid-day trading on Friday, reaching $7.30. The company had a trading volume of 7,384 shares, compared to its average volume of 82,284. Legg Mason BW Global Income Opportunities Fund has a 52 week low of $7.15 and a 52 week high of $8.92. The company has a 50 day moving average of $7.70 and a 200-day moving average of $7.84.

Legg Mason BW Global Income Opportunities Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be paid a $0.08 dividend. The ex-dividend date is Friday, November 20th. This represents a c) dividend on an annualized basis and a dividend yield of 13.1%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BWG. Rareview Capital LLC grew its position in shares of Legg Mason BW Global Income Opportunities Fund by 56.8% during the 2nd quarter. Rareview Capital LLC now owns 179,226 shares of the company’s stock valued at $1,489,000 after acquiring an additional 64,914 shares during the period. Eclectic Associates Inc. ADV boosted its position in shares of Legg Mason BW Global Income Opportunities Fund by 8.6% in the second quarter. Eclectic Associates Inc. ADV now owns 44,441 shares of the company’s stock valued at $353,000 after acquiring an additional 3,511 shares during the period. Royal Bank of Canada raised its position in shares of Legg Mason BW Global Income Opportunities Fund by 21.3% in the first quarter. Royal Bank of Canada now owns 81,081 shares of the company’s stock worth $622,000 after buying an additional 14,236 shares in the last quarter. Van Diest Capital LLC bought a new stake in shares of Legg Mason BW Global Income Opportunities Fund during the 1st quarter worth $129,000. Finally, Stephens Inc. AR lifted its position in Legg Mason BW Global Income Opportunities Fund by 17.2% in the 1st quarter. Stephens Inc. AR now owns 158,528 shares of the company’s stock worth $1,216,000 after buying an additional 23,217 shares during the last quarter.

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.