Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Sees Large Decrease in Short Interest

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) was the target of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 30,764 shares, a decrease of 34.6% from the February 26th total of 47,047 shares. Based on an average daily trading volume, of 128,309 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its stake in 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 during the last quarter. Cerity Partners LLC purchased a new position in shares of Legg Mason BW Global Income Opportunities Fund in the 2nd quarter worth approximately $105,000. Apollon Wealth Management LLC grew its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 10.5% in the fourth quarter. Apollon Wealth Management LLC now owns 31,483 shares of the company’s stock valued at $264,000 after acquiring an additional 2,993 shares in the last quarter. Rareview Capital LLC grew its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 85.0% in the fourth quarter. Rareview Capital LLC now owns 55,876 shares of the company’s stock valued at $464,000 after acquiring an additional 25,671 shares in the last quarter. Finally, Eclectic Associates Inc. ADV purchased a new stake in shares of Legg Mason BW Global Income Opportunities Fund during the fourth quarter valued at approximately $230,000.

Legg Mason BW Global Income Opportunities Fund Stock Performance

Shares of NYSE:BWG opened at $7.48 on Friday. The stock’s fifty day simple moving average is $8.24 and its two-hundred day simple moving average is $8.43. Legg Mason BW Global Income Opportunities Fund has a 1-year low of $7.46 and a 1-year high of $8.94.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be issued a $0.08 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 12.8%.

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.