Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG – Get Free Report) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 22,236 shares, a decline of 33.4% from the August 15th total of 33,366 shares. Based on an average trading volume of 49,643 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rareview Capital LLC lifted its holdings in Legg Mason BW Global Income Opportunities Fund by 56.8% in the second quarter. Rareview Capital LLC now owns 179,226 shares of the company’s stock valued at $1,489,000 after buying an additional 64,914 shares during the period. Eclectic Associates Inc. ADV lifted its position in Legg Mason BW Global Income Opportunities Fund by 8.6% in the 2nd quarter. Eclectic Associates Inc. ADV now owns 44,441 shares of the company’s stock valued at $353,000 after acquiring an additional 3,511 shares in the last quarter. Royal Bank of Canada boosted its stake in Legg Mason BW Global Income Opportunities Fund by 21.3% in the 1st quarter. Royal Bank of Canada now owns 81,081 shares of the company’s stock worth $622,000 after purchasing an additional 14,236 shares during the period. Van Diest Capital LLC bought a new position in Legg Mason BW Global Income Opportunities Fund during the 1st quarter worth about $129,000. Finally, Stephens Inc. AR raised its stake in shares of Legg Mason BW Global Income Opportunities Fund by 17.2% in the 1st quarter. Stephens Inc. AR now owns 158,528 shares of the company’s stock valued at $1,216,000 after purchasing an additional 23,217 shares during the period.
Legg Mason BW Global Income Opportunities Fund Stock Performance
Shares of NYSE BWG opened at $7.29 on Friday. Legg Mason BW Global Income Opportunities Fund has a one year low of $7.15 and a one year high of $8.92. The business has a fifty day simple moving average of $7.68 and a 200 day simple moving average of $7.84.
Legg Mason BW Global Income Opportunities Fund Dividend Announcement
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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