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

by · The Cerbat Gem

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG – Get Free Report) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 33,300 shares, a growth of 22.9% from the September 30th total of 27,100 shares. Based on an average daily trading volume, of 59,800 shares, the short-interest ratio is currently 0.6 days.

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

A number of institutional investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. purchased a new stake in shares of Legg Mason BW Global Income Opportunities Fund during the first quarter worth about $950,000. Cetera Advisors LLC purchased a new stake in Legg Mason BW Global Income Opportunities Fund during the 1st quarter worth approximately $231,000. Allspring Global Investments Holdings LLC boosted its stake in Legg Mason BW Global Income Opportunities Fund by 3.5% during 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 acquiring an additional 43,589 shares during the last quarter. Shaker Financial Services LLC increased its holdings in Legg Mason BW Global Income Opportunities Fund by 9.5% in the second quarter. Shaker Financial Services LLC now owns 243,615 shares of the company’s stock valued at $2,031,000 after buying an additional 21,175 shares during the last quarter. Finally, Wealthspire Advisors LLC bought a new stake in Legg Mason BW Global Income Opportunities Fund during the second quarter valued at $281,000.

Legg Mason BW Global Income Opportunities Fund Stock Up 0.4 %

Shares of Legg Mason BW Global Income Opportunities Fund stock traded up $0.03 on Wednesday, hitting $8.39. The stock had a trading volume of 42,913 shares, compared to its average volume of 52,230. The company’s 50 day moving average price is $8.72 and its 200 day moving average price is $8.50. Legg Mason BW Global Income Opportunities Fund has a 52-week low of $6.98 and a 52-week high of $8.95.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 21st will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.96 annualized dividend and a yield of 11.44%.

Legg Mason BW Global Income Opportunities Fund Company Profile

(Get Free Report)

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.

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