Short Interest in Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Declines By 84.0%

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 5,900 shares, a decline of 84.0% from the December 31st 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.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BWG. Sanctuary Advisors LLC bought a new position in shares of Legg Mason BW Global Income Opportunities Fund during the 2nd quarter valued at $171,000. Shaker Financial Services LLC grew its stake in shares of Legg Mason BW Global Income Opportunities Fund by 6.8% during the third quarter. Shaker Financial Services LLC now owns 260,281 shares of the company’s stock valued at $2,322,000 after buying an additional 16,666 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in shares of Legg Mason BW Global Income Opportunities Fund in the third quarter worth about $136,000. Pathstone Holdings LLC increased its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 4.7% in the third quarter. Pathstone Holdings LLC now owns 726,022 shares of the company’s stock worth $6,419,000 after buying an additional 32,744 shares during the period. Finally, HighTower Advisors LLC bought a new stake in shares of Legg Mason BW Global Income Opportunities Fund in the 3rd quarter valued at about $173,000.

Legg Mason BW Global Income Opportunities Fund Stock Performance

Shares of BWG stock remained flat at $8.29 on Tuesday. The company had a trading volume of 93,693 shares, compared to its average volume of 90,658. Legg Mason BW Global Income Opportunities Fund has a one year low of $7.81 and a one year high of $8.95. The company has a 50-day simple moving average of $8.24 and a 200 day simple moving average of $8.50.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 21st will be given a dividend of $0.08 per share. The ex-dividend date is Friday, February 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.58%.

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.