Western Asset Global High Income Fund Inc. (NYSE:EHI) Short Interest Up 50.7% in December

Western Asset Global High Income Fund Inc. (NYSE:EHI) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 30,784 shares, a growth of 50.7% from the December 15th total of 20,429 shares. Based on an average trading volume of 252,751 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 252,751 shares, the short-interest ratio is presently 0.1 days.

Western Asset Global High Income Fund Price Performance

Shares of EHI remained flat at $6.44 during mid-day trading on Friday. 87,689 shares of the stock traded hands, compared to its average volume of 86,417. Western Asset Global High Income Fund has a one year low of $6.11 and a one year high of $6.91. The stock has a 50 day moving average of $6.37 and a 200-day moving average of $6.47.

Western Asset Global High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be paid a $0.07 dividend. This represents a c) dividend on an annualized basis and a yield of 13.0%. The ex-dividend date is Friday, February 20th.

Hedge Funds Weigh In On Western Asset Global High Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in EHI. Absolute Investment Advisers LLC lifted its stake in Western Asset Global High Income Fund by 8.5% in the 2nd quarter. Absolute Investment Advisers LLC now owns 870,040 shares of the company’s stock valued at $5,690,000 after purchasing an additional 67,862 shares during the last quarter. Guggenheim Capital LLC boosted its stake in Western Asset Global High Income Fund by 21.5% in the 2nd quarter. Guggenheim Capital LLC now owns 668,502 shares of the company’s stock valued at $4,372,000 after purchasing an additional 118,129 shares during the period. Shaker Financial Services LLC grew its holdings in Western Asset Global High Income Fund by 33.4% in the 3rd quarter. Shaker Financial Services LLC now owns 553,533 shares of the company’s stock valued at $3,692,000 after buying an additional 138,556 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Western Asset Global High Income Fund by 18.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 325,433 shares of the company’s stock valued at $2,139,000 after buying an additional 49,801 shares in the last quarter. Finally, Invesco Ltd. increased its position in Western Asset Global High Income Fund by 2.2% during the 2nd quarter. Invesco Ltd. now owns 320,778 shares of the company’s stock worth $2,098,000 after buying an additional 7,038 shares during the period.

Western Asset Global High Income Fund Company Profile

Western Asset Global High Income Fund (NYSE: EHI) is a diversified, closed-end management investment company that seeks to provide high current income by investing primarily in a broad range of high-yield and emerging-market debt securities. The fund’s portfolio typically includes corporate and sovereign bonds, bank loans, convertible securities and other credit instruments denominated in U.S. dollars and foreign currencies. By accessing global credit markets, EHI aims to capture attractive yield opportunities across developed and developing economies.

Launched in the late 2000s, the fund employs both fundamental credit analysis and top-down macroeconomic research to construct a portfolio that balances income generation with risk management.