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

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 5,900 shares, a decline of 84.0% from the December 15th total of 36,900 shares. Based on an average daily volume of 68,500 shares, the days-to-cover ratio is presently 0.1 days.

Legg Mason BW Global Income Opportunities Fund Stock Down 0.1 %

Shares of NYSE:BWG traded down $0.01 during midday trading on Monday, reaching $7.96. The company’s stock had a trading volume of 92,262 shares, compared to its average volume of 69,723. The stock has a fifty day moving average of $8.30 and a 200 day moving average of $8.52. Legg Mason BW Global Income Opportunities Fund has a twelve month low of $7.81 and a twelve month high of $8.95.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be issued a $0.08 dividend. The ex-dividend date is Friday, January 24th. This represents a $0.96 annualized dividend and a dividend yield of 12.06%.

Institutional Trading of Legg Mason BW Global Income Opportunities Fund

Several hedge funds and other institutional investors have recently bought and sold shares of BWG. HighTower Advisors LLC acquired a new position in Legg Mason BW Global Income Opportunities Fund in the third quarter valued at approximately $173,000. Sanctuary Advisors LLC purchased a new position in shares of Legg Mason BW Global Income Opportunities Fund during the 2nd quarter valued at approximately $171,000. Wealthspire Advisors LLC acquired a new position in shares of Legg Mason BW Global Income Opportunities Fund in the 2nd quarter valued at $281,000. Wolverine Asset Management LLC purchased a new stake in Legg Mason BW Global Income Opportunities Fund during the third quarter worth $136,000. Finally, Pathstone Holdings LLC grew its position in Legg Mason BW Global Income Opportunities Fund by 4.7% during the third quarter. Pathstone Holdings LLC now owns 726,022 shares of the company’s stock valued at $6,419,000 after buying an additional 32,744 shares during the period.

Legg Mason BW Global Income Opportunities Fund Company Profile

Legg Mason BW Global Income Opportunities Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Brandywine Global Investment Management, LLC. It invests in fixed income markets. The fund employs fundamental analysis to create its portfolio.