Short Interest in Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Expands By 214.3%

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWGGet Rating) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 4,400 shares, a growth of 214.3% from the March 31st total of 1,400 shares. Based on an average daily trading volume, of 57,200 shares, the short-interest ratio is presently 0.1 days.

A number of large investors have recently added to or reduced their stakes in BWG. Park Avenue Securities LLC bought a new position in shares of Legg Mason BW Global Income Opportunities Fund during the first quarter worth approximately $102,000. Landscape Capital Management L.L.C. bought a new position in shares of Legg Mason BW Global Income Opportunities Fund during the fourth quarter worth approximately $127,000. Citadel Advisors LLC bought a new position in shares of Legg Mason BW Global Income Opportunities Fund during the fourth quarter worth approximately $139,000. Pekin Hardy Strauss Inc. bought a new position in shares of Legg Mason BW Global Income Opportunities Fund during the third quarter worth approximately $156,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Legg Mason BW Global Income Opportunities Fund during the fourth quarter worth approximately $162,000.

NYSE:BWG opened at $9.30 on Friday. The stock’s 50 day moving average price is $10.01 and its two-hundred day moving average price is $11.15. Legg Mason BW Global Income Opportunities Fund has a 12-month low of $9.29 and a 12-month high of $13.09.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Monday, May 23rd will be paid a $0.09 dividend. The ex-dividend date is Friday, May 20th. This represents a $1.08 annualized dividend and a yield of 11.61%.

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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