Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Short Interest Update

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) saw a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 27,691 shares, a drop of 32.7% from the January 29th total of 41,150 shares. Based on an average trading volume of 111,320 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 111,320 shares, the days-to-cover ratio is presently 0.2 days.

Legg Mason BW Global Income Opportunities Fund Stock Performance

BWG stock traded down $0.10 during trading on Tuesday, hitting $8.18. The company had a trading volume of 83,868 shares, compared to its average volume of 106,572. The business has a 50-day moving average of $8.48 and a 200-day moving average of $8.53. 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 company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 11.7%.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in 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 worth $732,000 after acquiring an additional 5,728 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in Legg Mason BW Global Income Opportunities Fund in the second quarter valued at $399,000. Shaker Financial Services LLC raised its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 53.7% during the second quarter. Shaker Financial Services LLC now owns 382,468 shares of the company’s stock valued at $3,209,000 after purchasing an additional 133,608 shares during the period. Rareview Capital LLC bought a new position in shares of Legg Mason BW Global Income Opportunities Fund during the 2nd quarter worth about $216,000. Finally, XTX Topco Ltd acquired a new stake in shares of Legg Mason BW Global Income Opportunities Fund in the 2nd quarter valued at about $111,000.

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.