Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Short Interest Down 38.1% in April

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWGGet Free Report) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 34,283 shares, a drop of 38.1% from the April 15th total of 55,346 shares. Based on an average daily volume of 73,185 shares, the short-interest ratio is currently 0.5 days.

Legg Mason BW Global Income Opportunities Fund Trading Down 1.3%

Shares of NYSE:BWG traded down $0.10 during trading hours on Friday, hitting $7.88. The company’s stock had a trading volume of 87,546 shares, compared to its average volume of 96,886. The firm’s fifty day moving average price is $7.92 and its 200 day moving average price is $8.26. Legg Mason BW Global Income Opportunities Fund has a 52 week low of $7.46 and a 52 week high of $8.94.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a $0.08 dividend. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%.

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

A number of institutional investors have recently added to or reduced their stakes in BWG. Advisors Asset Management Inc. boosted its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 194.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 305,560 shares of the company’s stock valued at $2,652,000 after buying an additional 201,810 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Legg Mason BW Global Income Opportunities Fund by 607.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,691 shares of the company’s stock worth $31,000 after acquiring an additional 3,169 shares in the last quarter. Van Diest Capital LLC bought a new position in shares of Legg Mason BW Global Income Opportunities Fund during the 1st quarter worth approximately $129,000. Private Advisor Group LLC boosted its stake in Legg Mason BW Global Income Opportunities Fund by 15.5% in the first quarter. Private Advisor Group LLC now owns 167,744 shares of the company’s stock valued at $1,287,000 after acquiring an additional 22,493 shares in the last quarter. Finally, Stephens Inc. AR boosted its stake in Legg Mason BW Global Income Opportunities Fund by 17.2% in the first quarter. Stephens Inc. AR now owns 158,528 shares of the company’s stock valued at $1,216,000 after acquiring an additional 23,217 shares in the last quarter.

About Legg Mason BW Global Income Opportunities Fund

(Get Free Report)

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.

See Also

Receive News & Ratings for Legg Mason BW Global Income Opportunities Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Legg Mason BW Global Income Opportunities Fund and related companies with MarketBeat.com's FREE daily email newsletter.