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 recipient of a significant increase in short interest during the month of 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 daily trading volume, of 81,677 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 81,677 shares, the days-to-cover ratio is currently 0.2 days.

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

Large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. raised its position in Legg Mason BW Global Income Opportunities Fund by 607.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,691 shares of the company’s stock worth $31,000 after buying an additional 3,169 shares during the last quarter. Cerity Partners LLC purchased a new stake in shares of Legg Mason BW Global Income Opportunities Fund during the 2nd quarter valued at about $105,000. XTX Topco Ltd bought a new stake in shares of Legg Mason BW Global Income Opportunities Fund in the second quarter worth approximately $111,000. Osaic Holdings Inc. grew its stake in shares of Legg Mason BW Global Income Opportunities Fund by 21.4% in the second quarter. Osaic Holdings Inc. now owns 19,561 shares of the company’s stock worth $163,000 after acquiring an additional 3,442 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 5.5% during the second quarter. Ameriprise Financial Inc. now owns 24,770 shares of the company’s stock valued at $206,000 after purchasing an additional 1,298 shares during the last quarter.

Legg Mason BW Global Income Opportunities Fund Price Performance

NYSE BWG traded down $0.03 during mid-day trading on Thursday, reaching $8.52. The stock had a trading volume of 117,948 shares, compared to its average volume of 93,065. Legg Mason BW Global Income Opportunities Fund has a 1 year low of $7.46 and a 1 year high of $8.94. The company has a fifty day moving average price of $8.41 and a 200 day moving average price of $8.52.

Legg Mason BW Global Income Opportunities Fund Announces Dividend

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

About Legg Mason BW Global Income Opportunities Fund

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.