Western Asset Global High Income Fund Inc. (NYSE:EHI) Short Interest Up 170.6% in June

Western Asset Global High Income Fund Inc. (NYSE:EHIGet Free Report) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 88,851 shares, an increase of 170.6% from the June 15th total of 32,838 shares. Based on an average daily volume of 116,090 shares, the days-to-cover ratio is presently 0.8 days.

Western Asset Global High Income Fund Stock Down 0.1%

Shares of Western Asset Global High Income Fund stock opened at $5.93 on Tuesday. The firm’s fifty day simple moving average is $5.98 and its 200-day simple moving average is $6.18. Western Asset Global High Income Fund has a 12 month low of $5.80 and a 12 month high of $6.70.

Western Asset Global High Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 14.2%.

Institutional Investors Weigh In On Western Asset Global High Income Fund

Institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC purchased a new stake in shares of Western Asset Global High Income Fund in the fourth quarter valued at approximately $35,000. CoreCap Advisors LLC acquired a new position in Western Asset Global High Income Fund during the second quarter worth $48,000. Raymond James Financial Inc. purchased a new position in Western Asset Global High Income Fund in the second quarter worth $53,000. Ashton Thomas Securities LLC purchased a new position in Western Asset Global High Income Fund in the first quarter worth $65,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Western Asset Global High Income Fund in the first quarter valued at $72,000.

Western Asset Global High Income Fund Company Profile

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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.

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