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 target 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 daily volume of 51,600 shares, the short-interest ratio is presently 0.2 days.

Legg Mason BW Global Income Opportunities Fund Stock Down 0.1 %

BWG traded down $0.01 on Friday, reaching $8.83. 62,341 shares of the company’s stock were exchanged, compared to its average volume of 51,106. Legg Mason BW Global Income Opportunities Fund has a twelve month low of $6.86 and a twelve month high of $8.95. The company’s 50 day moving average is $8.68 and its 200-day moving average is $8.46.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

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

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Nomura Holdings Inc. purchased a new position in Legg Mason BW Global Income Opportunities Fund in the 4th quarter worth approximately $154,000. Sanctuary Advisors LLC purchased a new position in shares of Legg Mason BW Global Income Opportunities Fund in the second quarter valued at $171,000. Cetera Advisors LLC acquired a new stake in Legg Mason BW Global Income Opportunities Fund during the 1st quarter valued at $231,000. Wealthspire Advisors LLC purchased a new stake in Legg Mason BW Global Income Opportunities Fund during the 2nd quarter worth $281,000. Finally, Advisors Asset Management Inc. acquired a new position in Legg Mason BW Global Income Opportunities Fund in the 1st quarter worth $950,000.

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.