Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Short Interest Up 67.1% in May

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWGGet Rating) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 13,700 shares, a growth of 67.1% from the April 30th total of 8,200 shares. Based on an average trading volume of 61,400 shares, the short-interest ratio is currently 0.2 days.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rivernorth Capital Management LLC boosted its stake in Legg Mason BW Global Income Opportunities Fund by 2.2% in the third quarter. Rivernorth Capital Management LLC now owns 1,697,667 shares of the company’s stock valued at $21,255,000 after acquiring an additional 36,207 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Legg Mason BW Global Income Opportunities Fund in the 4th quarter worth about $9,469,000. Morgan Stanley raised its position in shares of Legg Mason BW Global Income Opportunities Fund by 11.9% in the 3rd quarter. Morgan Stanley now owns 456,288 shares of the company’s stock valued at $5,713,000 after buying an additional 48,631 shares in the last quarter. UBS Group AG increased its position in Legg Mason BW Global Income Opportunities Fund by 5.2% during the 3rd quarter. UBS Group AG now owns 172,693 shares of the company’s stock worth $2,162,000 after purchasing an additional 8,605 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of Legg Mason BW Global Income Opportunities Fund by 18.2% in the 4th quarter. LPL Financial LLC now owns 157,341 shares of the company’s stock valued at $1,842,000 after purchasing an additional 24,222 shares during the last quarter.

Shares of BWG stock traded up $0.08 on Friday, hitting $8.97. The stock had a trading volume of 103,537 shares, compared to its average volume of 61,492. The company’s 50 day moving average price is $9.44 and its 200-day moving average price is $10.69. Legg Mason BW Global Income Opportunities Fund has a 1 year low of $8.61 and a 1 year high of $13.09.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Wednesday, August 24th will be given a $0.09 dividend. This represents a $1.08 annualized dividend and a yield of 12.04%. The ex-dividend date of this dividend is Tuesday, August 23rd.

Legg Mason BW Global Income Opportunities Fund Company Profile (Get Rating)

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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