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

Western Asset Global High Income Fund Inc. (NYSE:EHI) was the recipient of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 57,132 shares, an increase of 46.4% from the January 29th total of 39,025 shares. Based on an average trading volume of 95,153 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 95,153 shares, the days-to-cover ratio is currently 0.6 days.

Western Asset Global High Income Fund Price Performance

Shares of NYSE:EHI remained flat at $6.39 during trading on Friday. The stock had a trading volume of 112,840 shares, compared to its average volume of 110,791. Western Asset Global High Income Fund has a 12 month low of $6.11 and a 12 month high of $6.80. The company’s 50 day moving average is $6.43 and its 200-day moving average is $6.45.

Western Asset Global High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be paid a $0.07 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) annualized dividend and a yield of 13.1%.

Institutional Investors Weigh In On Western Asset Global High Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of EHI. Guggenheim Capital LLC lifted its holdings in shares of Western Asset Global High Income Fund by 21.5% during the 2nd quarter. Guggenheim Capital LLC now owns 668,502 shares of the company’s stock worth $4,372,000 after acquiring an additional 118,129 shares during the period. Shaker Financial Services LLC raised its position in Western Asset Global High Income Fund by 33.4% during the third quarter. Shaker Financial Services LLC now owns 553,533 shares of the company’s stock valued at $3,692,000 after purchasing an additional 138,556 shares in the last quarter. Absolute Investment Advisers LLC lifted its stake in Western Asset Global High Income Fund by 50.3% during the fourth quarter. Absolute Investment Advisers LLC now owns 467,620 shares of the company’s stock worth $2,986,000 after purchasing an additional 156,485 shares during the last quarter. GraniteShares Advisors LLC bought a new stake in Western Asset Global High Income Fund during the fourth quarter worth $2,733,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of 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 purchasing an additional 49,801 shares in the last quarter.

About Western Asset Global High Income Fund

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.