Western Asset Global High Income Fund (NYSE:EHI) Shares Down 0.5% – Should You Sell?

Western Asset Global High Income Fund Inc. (NYSE:EHI – Get Free Report)’s stock price traded down 0.5% during mid-day trading on Wednesday. The stock traded as low as $5.34 and last traded at $5.3650. Approximately 214,411 shares changed hands during trading, an increase of 95% from the average session volume of 109,992 shares. The stock had previously closed at $5.39.

Western Asset Global High Income Fund Price Performance

The stock has a fifty day moving average price of $5.66 and a 200 day moving average price of $5.88.

Western Asset Global High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $0.84 dividend on an annualized basis and a yield of 15.7%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Readystate Asset Management LP bought a new stake in shares of Western Asset Global High Income Fund during the second quarter valued at about $315,000. Ameritas Advisory Services LLC bought a new position in shares of Western Asset Global High Income Fund in the second quarter valued at approximately $26,000. Bank of America Corp DE bought a new position in shares of Western Asset Global High Income Fund in the second quarter valued at approximately $77,000. CoreCap Advisors LLC purchased a new position in Western Asset Global High Income Fund during the second quarter valued at approximately $48,000. Finally, Ashton Thomas Securities LLC purchased a new position in Western Asset Global High Income Fund during the first quarter valued at approximately $65,000.

About Western Asset Global High Income Fund

(Get Free Report)

Western Asset Global High Income Fund (NYSE: EHI) is a closed-end investment company managed by Western Asset Management Company. The fund seeks to provide investors with high current income and, secondarily, capital appreciation by investing primarily in global fixed-income securities.

The fund invests across international markets and may hold high-yield corporate bonds, emerging-market debt, sovereign and government-related securities, bank loans, and other income-producing debt instruments.

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