Western Asset Global High Income Fund (NYSE:EHI) Shares Pass Below Fifty Day Moving Average – Here’s Why

Western Asset Global High Income Fund Inc. (NYSE:EHIGet Free Report)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $5.94 and traded as low as $5.75. Western Asset Global High Income Fund shares last traded at $5.7810, with a volume of 140,940 shares.

Western Asset Global High Income Fund Price Performance

The stock has a 50 day moving average of $5.94 and a 200 day moving average of $6.13.

Western Asset Global High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a dividend of $0.07 per share. The ex-dividend date is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 14.5%.

Hedge Funds Weigh In On Western Asset Global High Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of EHI. Invesco Ltd. lifted its position in shares of 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 last quarter. Raymond James Financial Inc. acquired a new position in Western Asset Global High Income Fund during the second quarter worth about $53,000. Ameriprise Financial Inc. raised its stake in Western Asset Global High Income Fund by 0.6% during the second quarter. Ameriprise Financial Inc. now owns 275,632 shares of the company’s stock worth $1,803,000 after acquiring an additional 1,549 shares in the last quarter. Corient Private Wealth LLC bought a new position in shares of Western Asset Global High Income Fund in the second quarter worth about $644,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of Western Asset Global High Income Fund by 28.0% in the second quarter. Osaic Holdings Inc. now owns 103,019 shares of the company’s stock worth $674,000 after acquiring an additional 22,524 shares during the last quarter.

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.

Further Reading

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