Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Short Interest Down 71.0% in May

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWGGet Free Report) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 14,235 shares, a decrease of 71.0% from the May 14th total of 49,056 shares. Based on an average trading volume of 71,471 shares, the days-to-cover ratio is currently 0.2 days.

Legg Mason BW Global Income Opportunities Fund Stock Up 0.4%

BWG traded up $0.04 during trading on Friday, reaching $7.98. The stock had a trading volume of 106,820 shares, compared to its average volume of 92,388. Legg Mason BW Global Income Opportunities Fund has a one year low of $7.46 and a one year high of $8.94. The business has a 50-day moving average of $7.97 and a 200-day moving average of $8.19.

Legg Mason BW Global Income Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be paid a $0.08 dividend. This represents a c) dividend on an annualized basis and a yield of 12.0%. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its stake in 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 during the last quarter. Private Advisor Group LLC increased its stake in Legg Mason BW Global Income Opportunities Fund by 1.8% in 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. Apollon Wealth Management LLC boosted its position in Legg Mason BW Global Income Opportunities Fund by 10.5% during the fourth quarter. Apollon Wealth Management LLC now owns 31,483 shares of the company’s stock valued at $264,000 after buying an additional 2,993 shares during the period. Geneos Wealth Management Inc. boosted its position in 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 buying an additional 3,169 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its position in Legg Mason BW Global Income Opportunities Fund by 339.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,397 shares of the company’s stock valued at $37,000 after buying an additional 3,397 shares during the period.

Legg Mason BW Global Income Opportunities Fund Company Profile

(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.

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