Short Interest in Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Grows By 123.7%

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 13,200 shares, a growth of 123.7% from the December 31st total of 5,900 shares. Based on an average daily trading volume, of 75,200 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Legg Mason BW Global Income Opportunities Fund

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

Legg Mason BW Global Income Opportunities Fund Trading Up 0.4 %

BWG opened at $8.26 on Friday. The firm’s 50 day moving average is $8.24 and its 200-day moving average is $8.50. Legg Mason BW Global Income Opportunities Fund has a 52-week low of $7.81 and a 52-week high of $8.95.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 21st will be issued a $0.08 dividend. The ex-dividend date is Friday, February 21st. This represents a $0.96 annualized dividend and a dividend yield of 11.63%.

About Legg Mason BW Global Income Opportunities Fund

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.