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

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totalling 192,500 shares, a growth of 993.8% from the September 15th total of 17,600 shares. Based on an average daily volume of 47,600 shares, the short-interest ratio is presently 4.0 days.

Shares of BWG opened at $12.42 on Thursday. The firm’s 50-day moving average price is $12.59 and its 200-day moving average price is $12.51. Legg Mason BW Global Income Opportunities Fund has a 1-year low of $10.47 and a 1-year high of $13.09.

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 1st. Stockholders of record on Monday, November 22nd 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 7.73%. The ex-dividend date of this dividend is Friday, November 19th.

A number of large investors have recently bought and sold shares of BWG. Tarbox Family Office Inc. bought a new stake in Legg Mason BW Global Income Opportunities Fund during the second quarter worth about $156,000. Walleye Trading LLC bought a new stake in Legg Mason BW Global Income Opportunities Fund during the first quarter worth about $172,000. Walleye Capital LLC bought a new stake in Legg Mason BW Global Income Opportunities Fund during the first quarter worth about $355,000. Advisor Group Holdings Inc. boosted its stake in Legg Mason BW Global Income Opportunities Fund by 7.9% during the second quarter. Advisor Group Holdings Inc. now owns 33,273 shares of the company’s stock worth $420,000 after acquiring an additional 2,446 shares in the last quarter. Finally, Mid Atlantic Financial Management Inc. ADV bought a new stake in Legg Mason BW Global Income Opportunities Fund during the second quarter worth about $446,000.

Legg Mason BW Global Income Opportunities Fund Company Profile

BrandywineGLOBAL – Global Income Opportunities Fund, Inc is a diversified, closed-end management investment company. Its objectives are to provide current income and it also seeks capital appreciation. The company was founded on October 27, 2010 and is headquartered in New York, NY.

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