Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Short Interest Up 69.9% in February

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) saw a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 47,047 shares, a growth of 69.9% from the February 12th total of 27,691 shares. Based on an average trading volume of 100,784 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 100,784 shares, the days-to-cover ratio is currently 0.5 days.

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

Several large investors have recently bought and sold shares of BWG. Pathstone Holdings LLC lifted its holdings in Legg Mason BW Global Income Opportunities Fund by 48.0% during the 3rd quarter. Pathstone Holdings LLC now owns 1,318,834 shares of the company’s stock worth $11,447,000 after buying an additional 427,597 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Legg Mason BW Global Income Opportunities Fund by 194.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 305,560 shares of the company’s stock worth $2,652,000 after acquiring an additional 201,810 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 12.6% in the 2nd quarter. Bank of America Corp DE now owns 426,179 shares of the company’s stock valued at $3,542,000 after acquiring an additional 47,748 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Legg Mason BW Global Income Opportunities Fund in the 3rd quarter valued at about $407,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Legg Mason BW Global Income Opportunities Fund during the 3rd quarter worth about $379,000.

Legg Mason BW Global Income Opportunities Fund Trading Down 1.0%

NYSE BWG opened at $7.81 on Friday. Legg Mason BW Global Income Opportunities Fund has a 52 week low of $7.46 and a 52 week high of $8.94. The firm has a 50 day moving average of $8.40 and a two-hundred day moving average of $8.50.

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. This represents a c) annualized dividend and a dividend yield of 12.3%. The ex-dividend date of this dividend is Thursday, May 21st.

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.