Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Short Interest Down 38.1% in April

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 34,283 shares, a decline of 38.1% from the April 15th total of 55,346 shares. Based on an average trading volume of 73,185 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Legg Mason BW Global Income Opportunities Fund

A number of hedge funds have recently added to or reduced their stakes in BWG. Geneos Wealth Management Inc. increased its holdings in Legg Mason BW Global Income Opportunities Fund by 607.1% in the second quarter. Geneos Wealth Management Inc. now owns 3,691 shares of the company’s stock worth $31,000 after purchasing an additional 3,169 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Legg Mason BW Global Income Opportunities Fund by 339.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,397 shares of the company’s stock worth $37,000 after purchasing an additional 3,397 shares in the last quarter. Global Retirement Partners LLC bought a new stake in Legg Mason BW Global Income Opportunities Fund in the fourth quarter worth approximately $59,000. Integrity Advisory Solutions LLC bought a new stake in Legg Mason BW Global Income Opportunities Fund in the fourth quarter worth approximately $92,000. Finally, Cerity Partners LLC bought a new stake in Legg Mason BW Global Income Opportunities Fund in the second quarter worth approximately $105,000.

Legg Mason BW Global Income Opportunities Fund Price Performance

Shares of Legg Mason BW Global Income Opportunities Fund stock traded down $0.05 during midday trading on Tuesday, reaching $7.83. The company had a trading volume of 21,051 shares, compared to its average volume of 95,561. The stock has a fifty day moving average price of $7.92 and a 200 day moving average price of $8.25. Legg Mason BW Global Income Opportunities Fund has a fifty-two week low of $7.46 and a fifty-two week high of $8.94.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be paid a $0.08 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%. The ex-dividend date of this dividend is Monday, August 24th.

About Legg Mason BW Global Income Opportunities Fund

Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) is a diversified closed-end management investment company that seeks to provide current income and capital appreciation. The fund primarily invests in global fixed income securities, including non-investment grade bonds, emerging market debt and high-yield corporate obligations. It may also allocate to convertible securities, preferred stocks, dividend-paying equities and other income-producing assets to enhance overall yield.

The fund employs leverage to potentially increase its income-generating capacity and is designed to deliver monthly distributions to shareholders.