Shaker Financial Services LLC Decreases Stake in Western Asset Global High Income Fund Inc. $EHI

Shaker Financial Services LLC reduced its position in Western Asset Global High Income Fund Inc. (NYSE:EHI) by 23.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 423,874 shares of the company’s stock after selling 129,659 shares during the period. Shaker Financial Services LLC’s holdings in Western Asset Global High Income Fund were worth $2,717,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of Western Asset Global High Income Fund in the second quarter worth about $53,000. Mosaic Family Wealth Partners LLC purchased a new stake in Western Asset Global High Income Fund during the third quarter valued at approximately $65,000. Wolverine Asset Management LLC purchased a new stake in Western Asset Global High Income Fund during the third quarter valued at approximately $66,000. SeaCrest Wealth Management LLC purchased a new stake in Western Asset Global High Income Fund during the fourth quarter valued at approximately $74,000. Finally, Merit Financial Group LLC raised its position in Western Asset Global High Income Fund by 16.2% during the fourth quarter. Merit Financial Group LLC now owns 12,239 shares of the company’s stock valued at $78,000 after purchasing an additional 1,707 shares during the period.

Western Asset Global High Income Fund Stock Performance

Shares of EHI stock opened at $6.23 on Friday. Western Asset Global High Income Fund Inc. has a 1 year low of $5.80 and a 1 year high of $6.70. The stock’s 50 day simple moving average is $6.23 and its two-hundred day simple moving average is $6.34.

Western Asset Global High Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 13.5%.

Western Asset Global High Income Fund 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.