Short Interest in Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Drops By 38.5%

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) was the target of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 24,300 shares, a decrease of 38.5% from the February 13th total of 39,500 shares. Based on an average daily volume of 76,800 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. HighTower Advisors LLC acquired a new position in shares of Legg Mason BW Global Income Opportunities Fund in the third quarter valued at approximately $173,000. Apollon Wealth Management LLC bought a new position in shares of Legg Mason BW Global Income Opportunities Fund during the fourth quarter valued at $214,000. Wolverine Asset Management LLC bought a new position in shares of Legg Mason BW Global Income Opportunities Fund during the third quarter valued at $136,000. Alexander Randolph Advisory Inc. grew its stake in shares of Legg Mason BW Global Income Opportunities Fund by 2.7% in the fourth quarter. Alexander Randolph Advisory Inc. now owns 115,954 shares of the company’s stock worth $928,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Pathstone Holdings LLC increased its holdings in Legg Mason BW Global Income Opportunities Fund by 4.7% in the third quarter. Pathstone Holdings LLC now owns 726,022 shares of the company’s stock valued at $6,419,000 after purchasing an additional 32,744 shares during the period.

Legg Mason BW Global Income Opportunities Fund Price Performance

Shares of BWG stock traded up $0.01 on Monday, hitting $8.43. 41,294 shares of the company’s stock were exchanged, compared to its average volume of 59,875. The company has a 50 day moving average of $8.31 and a 200 day moving average of $8.45. Legg Mason BW Global Income Opportunities Fund has a 12 month low of $7.81 and a 12 month high of $8.95.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be given a $0.08 dividend. The ex-dividend date is Monday, March 24th. This represents a $0.96 dividend on an annualized basis and a yield of 11.39%.

About Legg Mason BW Global Income Opportunities Fund

Legg Mason BW Global Income Opportunities Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Brandywine Global Investment Management, LLC. It invests in fixed income markets. The fund employs fundamental analysis to create its portfolio.