Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Short Interest Down 38.5% in February

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 24,300 shares, a decline of 38.5% from the February 13th total of 39,500 shares. Based on an average daily volume of 76,800 shares, the short-interest ratio is currently 0.3 days.

Legg Mason BW Global Income Opportunities Fund Stock Performance

Shares of BWG traded up $0.01 during trading hours on Friday, reaching $8.38. The company had a trading volume of 61,917 shares, compared to its average volume of 59,950. The firm has a 50 day simple moving average of $8.31 and a 200-day simple moving average of $8.45. Legg Mason BW Global Income Opportunities Fund has a 12-month low of $7.81 and a 12-month high of $8.95.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be issued a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 11.45%. The ex-dividend date of this dividend is Monday, March 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Guggenheim Capital LLC increased its holdings in Legg Mason BW Global Income Opportunities Fund by 36.4% during the 4th quarter. Guggenheim Capital LLC now owns 325,871 shares of the company’s stock valued at $2,607,000 after acquiring an additional 87,049 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Legg Mason BW Global Income Opportunities Fund during the 4th quarter worth approximately $603,000. Pathstone Holdings LLC increased its stake in shares of Legg Mason BW Global Income Opportunities Fund by 4.7% during the 3rd quarter. Pathstone Holdings LLC now owns 726,022 shares of the company’s stock worth $6,419,000 after purchasing an additional 32,744 shares in the last quarter. LPL Financial LLC raised its position in shares of Legg Mason BW Global Income Opportunities Fund by 17.1% during the 4th quarter. LPL Financial LLC now owns 185,714 shares of the company’s stock worth $1,486,000 after purchasing an additional 27,101 shares during the last quarter. Finally, Apollon Wealth Management LLC purchased a new stake in Legg Mason BW Global Income Opportunities Fund in the 4th quarter valued at approximately $214,000.

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.