Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Sees Large Increase in Short Interest

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 15,076 shares, an increase of 70.3% from the December 15th total of 8,854 shares. Based on an average trading volume of 81,677 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 81,677 shares, the days-to-cover ratio is currently 0.2 days.

Legg Mason BW Global Income Opportunities Fund Price Performance

BWG traded down $0.03 during trading on Thursday, reaching $8.52. The stock had a trading volume of 117,948 shares, compared to its average volume of 93,065. The stock’s 50 day moving average is $8.41 and its two-hundred day moving average is $8.52. Legg Mason BW Global Income Opportunities Fund has a one year low of $7.46 and a one year high of $8.94.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be given a dividend of $0.08 per share. This represents a c) dividend on an annualized basis and a yield of 11.3%. The ex-dividend date of this dividend is Friday, February 20th.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada increased its stake in shares of Legg Mason BW Global Income Opportunities Fund by 7.0% during the first quarter. Royal Bank of Canada now owns 87,667 shares of the company’s stock valued at $732,000 after purchasing an additional 5,728 shares in the last quarter. PFG Investments LLC grew its stake in shares of Legg Mason BW Global Income Opportunities Fund by 80.5% in the 2nd quarter. PFG Investments LLC now owns 53,982 shares of the company’s stock worth $449,000 after buying an additional 24,082 shares during the last quarter. Apollon Wealth Management LLC increased its position in Legg Mason BW Global Income Opportunities Fund by 4.6% during the 2nd quarter. Apollon Wealth Management LLC now owns 27,925 shares of the company’s stock valued at $232,000 after buying an additional 1,220 shares in the last quarter. Stephens Inc. AR raised its stake in Legg Mason BW Global Income Opportunities Fund by 3.7% during the second quarter. Stephens Inc. AR now owns 150,632 shares of the company’s stock valued at $1,252,000 after buying an additional 5,310 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in Legg Mason BW Global Income Opportunities Fund during the second quarter valued at $399,000.

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.