Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Shares Shorted: Short Interest Down 39.7% in October

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 10,534 shares, a drop of 39.7% from the September 30th total of 17,467 shares. Based on an average daily volume of 131,708 shares, the days-to-cover ratio is presently 0.1 days.

Legg Mason BW Global Income Opportunities Fund Trading Down 0.1%

BWG stock opened at $6.82 on Friday. The company has a fifty day moving average price of $7.20 and a 200 day moving average price of $7.81. Legg Mason BW Global Income Opportunities Fund has a 12 month low of $6.69 and a 12 month high of $8.68.

Legg Mason BW Global Income Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be paid a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 14.1%. The ex-dividend date of this dividend is Friday, November 20th.

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

Several institutional investors have recently made changes to their positions in BWG. Eclectic Associates Inc. ADV grew its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 8.6% in the 2nd quarter. Eclectic Associates Inc. ADV now owns 44,441 shares of the company’s stock worth $353,000 after acquiring an additional 3,511 shares during the period. Royal Bank of Canada raised its holdings in Legg Mason BW Global Income Opportunities Fund by 21.3% during the first quarter. Royal Bank of Canada now owns 81,081 shares of the company’s stock worth $622,000 after purchasing an additional 14,236 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new stake in Legg Mason BW Global Income Opportunities Fund during the third quarter worth $104,000. Van Diest Capital LLC purchased a new stake in Legg Mason BW Global Income Opportunities Fund during the first quarter worth $129,000. Finally, Private Advisor Group LLC boosted its position in Legg Mason BW Global Income Opportunities Fund by 15.5% during the first quarter. Private Advisor Group LLC now owns 167,744 shares of the company’s stock worth $1,287,000 after purchasing an additional 22,493 shares in the last quarter.

Legg Mason BW Global Income Opportunities Fund Company Profile

Legg Mason BW Global Income Opportunities Fund is a closed-end investment fund traded on the New York Stock Exchange under the symbol BWG. The fund seeks to provide investors with current income and, secondarily, capital appreciation by investing in a diversified portfolio of global fixed-income securities.

The fund may invest in government and sovereign debt, corporate bonds, emerging-market securities, and other income-producing instruments issued by companies and governments in the United States and international markets.