Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Short Interest Down 84.0% in January

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totalling 5,900 shares, a drop of 84.0% from the December 31st total of 36,900 shares. Based on an average trading volume of 68,500 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BWG. Wolverine Asset Management LLC bought a new position in Legg Mason BW Global Income Opportunities Fund during the 3rd quarter valued at about $136,000. Sanctuary Advisors LLC purchased a new position in shares of Legg Mason BW Global Income Opportunities Fund during the second quarter valued at approximately $171,000. HighTower Advisors LLC bought a new position in Legg Mason BW Global Income Opportunities Fund during the third quarter valued at approximately $173,000. Apollon Wealth Management LLC purchased a new stake in Legg Mason BW Global Income Opportunities Fund in the fourth quarter worth approximately $214,000. Finally, Shaker Financial Services LLC grew its position in Legg Mason BW Global Income Opportunities Fund by 6.8% in the 3rd quarter. Shaker Financial Services LLC now owns 260,281 shares of the company’s stock worth $2,322,000 after purchasing an additional 16,666 shares during the period.

Legg Mason BW Global Income Opportunities Fund Price Performance

Shares of BWG remained flat at $8.29 during trading hours on Tuesday. The stock had a trading volume of 93,693 shares, compared to its average volume of 90,658. The company’s 50-day moving average is $8.24 and its two-hundred day moving average is $8.50. 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 Monday, March 3rd. Shareholders of record on Friday, February 21st will be issued a $0.08 dividend. The ex-dividend date is Friday, February 21st. This represents a $0.96 annualized dividend and a yield of 11.58%.

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.