Short Interest in Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Grows By 22.9%

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totalling 33,300 shares, an increase of 22.9% from the September 30th total of 27,100 shares. Based on an average daily trading volume, of 59,800 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Legg Mason BW Global Income Opportunities Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new position in Legg Mason BW Global Income Opportunities Fund in the second quarter valued at about $171,000. Wealthspire Advisors LLC bought a new position in shares of Legg Mason BW Global Income Opportunities Fund in the second quarter worth about $281,000. Shaker Financial Services LLC raised its stake in shares of Legg Mason BW Global Income Opportunities Fund by 9.5% in the second quarter. Shaker Financial Services LLC now owns 243,615 shares of the company’s stock worth $2,031,000 after acquiring an additional 21,175 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Legg Mason BW Global Income Opportunities Fund by 3.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,301,445 shares of the company’s stock worth $10,750,000 after acquiring an additional 43,589 shares during the last quarter. Finally, Cetera Advisors LLC bought a new position in shares of Legg Mason BW Global Income Opportunities Fund in the first quarter worth about $231,000.

Legg Mason BW Global Income Opportunities Fund Price Performance

NYSE:BWG traded up $0.03 on Wednesday, reaching $8.39. The stock had a trading volume of 42,913 shares, compared to its average volume of 52,230. Legg Mason BW Global Income Opportunities Fund has a 1-year low of $6.98 and a 1-year high of $8.95. The stock has a fifty day moving average price of $8.72 and a 200-day moving average price of $8.50.

Legg Mason BW Global Income Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 21st will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.96 dividend on an annualized basis and a yield of 11.44%.

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.