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

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) was the recipient of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 27,700 shares, a growth of 113.1% from the November 15th total of 13,000 shares. Based on an average daily volume of 65,100 shares, the short-interest ratio is currently 0.4 days.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its position in Legg Mason BW Global Income Opportunities Fund by 3.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,301,445 shares of the company’s stock valued at $10,750,000 after buying an additional 43,589 shares during the period. Pathstone Holdings LLC lifted its position in shares of Legg Mason BW Global Income Opportunities Fund by 4.7% during the 3rd quarter. Pathstone Holdings LLC now owns 726,022 shares of the company’s stock worth $6,419,000 after purchasing an additional 32,744 shares during the last quarter. Shaker Financial Services LLC lifted its position in shares of Legg Mason BW Global Income Opportunities Fund by 6.8% during the 3rd quarter. Shaker Financial Services LLC now owns 260,281 shares of the company’s stock worth $2,322,000 after purchasing an additional 16,666 shares during the last quarter. Wealthspire Advisors LLC purchased a new stake in shares of Legg Mason BW Global Income Opportunities Fund during the 2nd quarter worth $281,000. Finally, Cetera Advisors LLC purchased a new stake in shares of Legg Mason BW Global Income Opportunities Fund during the 1st quarter worth $231,000.

Legg Mason BW Global Income Opportunities Fund Price Performance

Shares of BWG stock opened at $8.46 on Friday. Legg Mason BW Global Income Opportunities Fund has a 52 week low of $7.81 and a 52 week high of $8.95. The firm has a 50 day moving average of $8.51 and a two-hundred day moving average of $8.55.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be given a $0.08 dividend. The ex-dividend date is Monday, December 23rd. This represents a $0.96 annualized dividend and a yield of 11.35%.

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.