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

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totalling 9,100 shares, a growth of 184.4% from the August 31st total of 3,200 shares. Based on an average trading volume of 51,600 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Nomura Holdings Inc. acquired a new stake in shares of Legg Mason BW Global Income Opportunities Fund in the fourth quarter valued at approximately $154,000. Sanctuary Advisors LLC acquired a new stake in Legg Mason BW Global Income Opportunities Fund during the 2nd quarter worth $171,000. Cetera Advisors LLC purchased a new position in Legg Mason BW Global Income Opportunities Fund during the 1st quarter worth $231,000. Wealthspire Advisors LLC acquired a new position in Legg Mason BW Global Income Opportunities Fund in the second quarter valued at $281,000. Finally, Advisors Asset Management Inc. purchased a new stake in shares of Legg Mason BW Global Income Opportunities Fund in the first quarter valued at about $950,000.

Legg Mason BW Global Income Opportunities Fund Price Performance

Shares of BWG opened at $8.83 on Friday. Legg Mason BW Global Income Opportunities Fund has a 1-year low of $6.86 and a 1-year high of $8.95. The firm has a fifty day moving average price of $8.68 and a 200 day moving average price of $8.46.

Legg Mason BW Global Income Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 24th will be issued a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 10.88%. The ex-dividend date of this dividend is Thursday, October 24th.

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.