Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG – Get 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
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.
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