Western Asset Global High Income Fund Inc. (NYSE:EHI) Sees Large Growth in Short Interest

Western Asset Global High Income Fund Inc. (NYSE:EHI) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 26,100 shares, a growth of 39.6% from the September 30th total of 18,700 shares. Based on an average trading volume of 93,500 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 93,500 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Western Asset Global High Income Fund

Several hedge funds have recently modified their holdings of the company. Absolute Investment Advisers LLC raised its position in shares of Western Asset Global High Income Fund by 8.5% in the second quarter. Absolute Investment Advisers LLC now owns 870,040 shares of the company’s stock valued at $5,690,000 after buying an additional 67,862 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in Western Asset Global High Income Fund by 21.5% in the second quarter. Guggenheim Capital LLC now owns 668,502 shares of the company’s stock valued at $4,372,000 after acquiring an additional 118,129 shares during the last quarter. Shaker Financial Services LLC grew its position in Western Asset Global High Income Fund by 33.4% in the third quarter. Shaker Financial Services LLC now owns 553,533 shares of the company’s stock worth $3,692,000 after acquiring an additional 138,556 shares during the period. Invesco Ltd. increased its stake in Western Asset Global High Income Fund by 2.2% during the second quarter. Invesco Ltd. now owns 320,778 shares of the company’s stock worth $2,098,000 after acquiring an additional 7,038 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Western Asset Global High Income Fund by 0.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 275,632 shares of the company’s stock valued at $1,803,000 after purchasing an additional 1,549 shares during the last quarter.

Western Asset Global High Income Fund Stock Down 0.2%

Western Asset Global High Income Fund stock traded down $0.01 during mid-day trading on Monday, reaching $6.35. 114,656 shares of the company were exchanged, compared to its average volume of 86,292. The business has a fifty day moving average of $6.52 and a 200 day moving average of $6.49. Western Asset Global High Income Fund has a 12-month low of $6.11 and a 12-month high of $6.91.

Western Asset Global High Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 24th will be given a $0.07 dividend. This represents a c) annualized dividend and a dividend yield of 13.2%. The ex-dividend date of this dividend is Friday, October 24th.

About Western Asset Global High Income Fund

Western Asset Global High Income 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 Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe.