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

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 41,150 shares, a growth of 25.2% from the January 15th total of 32,870 shares. Based on an average daily trading volume, of 123,864 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 123,864 shares, the days-to-cover ratio is presently 0.3 days.

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

Several hedge funds have recently added to or reduced their stakes in the business. Apollon Wealth Management LLC lifted its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 4.6% in the second quarter. Apollon Wealth Management LLC now owns 27,925 shares of the company’s stock valued at $232,000 after purchasing an additional 1,220 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Legg Mason BW Global Income Opportunities Fund by 5.5% in the second quarter. Ameriprise Financial Inc. now owns 24,770 shares of the company’s stock valued at $206,000 after acquiring an additional 1,298 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Legg Mason BW Global Income Opportunities Fund by 1.8% during the third quarter. Private Advisor Group LLC now owns 145,931 shares of the company’s stock valued at $1,267,000 after acquiring an additional 2,631 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Legg Mason BW Global Income Opportunities Fund by 607.1% during the second quarter. Geneos Wealth Management Inc. now owns 3,691 shares of the company’s stock valued at $31,000 after acquiring an additional 3,169 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in Legg Mason BW Global Income Opportunities Fund by 339.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,397 shares of the company’s stock worth $37,000 after purchasing an additional 3,397 shares in the last quarter.

Legg Mason BW Global Income Opportunities Fund Stock Performance

Shares of NYSE:BWG traded down $0.02 on Monday, reaching $8.59. 120,488 shares of the company were exchanged, compared to its average volume of 109,383. The company has a 50-day moving average of $8.49 and a 200-day moving average of $8.55. Legg Mason BW Global Income Opportunities Fund has a 1-year low of $7.46 and a 1-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, February 27th. Investors of record on Friday, February 20th will be paid a $0.08 dividend. This represents a c) annualized dividend and a yield of 11.2%. The ex-dividend date of this dividend is Friday, February 20th.

Legg Mason BW Global Income Opportunities Fund Company Profile

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.