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