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

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Wolverine Asset Management LLC acquired a new position in shares of Legg Mason BW Global Income Opportunities Fund during the third quarter valued at $136,000. HighTower Advisors LLC bought a new stake in Legg Mason BW Global Income Opportunities Fund during the 3rd quarter worth about $173,000. Apollon Wealth Management LLC acquired a new position in Legg Mason BW Global Income Opportunities Fund during the 4th quarter valued at about $214,000. Commonwealth Equity Services LLC lifted its holdings in Legg Mason BW Global Income Opportunities Fund by 30.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 28,664 shares of the company’s stock valued at $229,000 after buying an additional 6,631 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in Legg Mason BW Global Income Opportunities Fund by 14.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 39,268 shares of the company’s stock valued at $314,000 after acquiring an additional 4,813 shares during the last quarter.

Legg Mason BW Global Income Opportunities Fund Stock Up 0.2 %

Shares of BWG traded up $0.01 on Friday, hitting $8.38. The company’s stock had a trading volume of 61,917 shares, compared to its average volume of 59,805. The company has a 50 day moving average price of $8.31 and a 200 day moving average price of $8.46. Legg Mason BW Global Income Opportunities Fund has a fifty-two week low of $7.81 and a fifty-two week high of $8.95.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, March 24th. This represents a $0.96 annualized dividend and a dividend yield of 11.45%.

Legg Mason BW Global Income Opportunities Fund Company Profile

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.