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

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 55,346 shares, an increase of 53.1% from the March 31st total of 36,143 shares. Based on an average trading volume of 84,782 shares, the short-interest ratio is presently 0.7 days.

Legg Mason BW Global Income Opportunities Fund Trading Up 0.1%

Shares of BWG stock opened at $8.03 on Tuesday. 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. The stock has a 50 day simple moving average of $8.00 and a two-hundred day simple moving average of $8.31.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be paid a $0.08 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 12.0%.

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

A number of large investors have recently modified their holdings of the company. Geneos Wealth Management Inc. grew its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 607.1% during the second quarter. Geneos Wealth Management Inc. now owns 3,691 shares of the company’s stock valued at $31,000 after buying an additional 3,169 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Legg Mason BW Global Income Opportunities Fund by 339.7% during the 4th 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 position in shares of Legg Mason BW Global Income Opportunities Fund in the fourth quarter valued at approximately $59,000. Integrity Advisory Solutions LLC bought a new stake in Legg Mason BW Global Income Opportunities Fund during the fourth quarter worth $92,000. Finally, Cerity Partners LLC bought a new position in Legg Mason BW Global Income Opportunities Fund during the 2nd quarter valued at $105,000.

Legg Mason BW Global Income Opportunities Fund Company Profile

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.