Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Shares Shorted: Short Interest Down 39.7% in October

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 10,534 shares, a drop of 39.7% from the September 30th total of 17,467 shares. Based on an average daily trading volume, of 131,708 shares, the days-to-cover ratio is presently 0.1 days.

Legg Mason BW Global Income Opportunities Fund Stock Down 0.2%

Shares of NYSE BWG traded down $0.02 during midday trading on Tuesday, reaching $6.85. 13,901 shares of the stock traded hands, compared to its average volume of 86,323. Legg Mason BW Global Income Opportunities Fund has a one year low of $6.69 and a one year high of $8.68. The company’s 50 day moving average is $7.18 and its 200 day moving average is $7.81.

Legg Mason BW Global Income Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $0.96 dividend on an annualized basis and a yield of 14.0%.

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

Institutional investors have recently bought and sold shares of the business. Chicago Partners Investment Group LLC bought a new position in shares of Legg Mason BW Global Income Opportunities Fund in the 3rd quarter valued at about $104,000. Van Diest Capital LLC purchased a new position in Legg Mason BW Global Income Opportunities Fund in the first quarter worth about $129,000. Eclectic Associates Inc. ADV increased its stake in Legg Mason BW Global Income Opportunities Fund by 8.6% during the second quarter. Eclectic Associates Inc. ADV now owns 44,441 shares of the company’s stock worth $353,000 after acquiring an additional 3,511 shares during the last quarter. Royal Bank of Canada increased its stake in Legg Mason BW Global Income Opportunities Fund by 21.3% during the first quarter. Royal Bank of Canada now owns 81,081 shares of the company’s stock worth $622,000 after acquiring an additional 14,236 shares during the last quarter. Finally, Rareview Capital LLC raised its position in Legg Mason BW Global Income Opportunities Fund by 104.6% during the first quarter. Rareview Capital LLC now owns 114,312 shares of the company’s stock valued at $950,000 after purchasing an additional 58,436 shares during the period.

Legg Mason BW Global Income Opportunities Fund Company Profile

Legg Mason BW Global Income Opportunities Fund (NYSE: BWG) is a closed-end investment company that seeks to provide investors with current income and, secondarily, capital appreciation. The fund invests primarily in fixed-income securities issued by governments, government-related entities and corporations around the world.

BWG uses a global, actively managed strategy that may include developed- and emerging-market debt. Its portfolio can include investment-grade and below-investment-grade securities, sovereign and corporate bonds, and debt denominated in various currencies.