Western Asset Global High Income Fund Inc. (NYSE:EHI – Get Free Report) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 50,962 shares, a drop of 39.2% from the September 30th total of 83,765 shares. Based on an average trading volume of 124,843 shares, the days-to-cover ratio is presently 0.4 days.
Western Asset Global High Income Fund Price Performance
Shares of EHI stock opened at $5.37 on Friday. The firm has a 50 day moving average of $5.49 and a two-hundred day moving average of $5.95. Western Asset Global High Income Fund has a 52 week low of $5.20 and a 52 week high of $6.55.
Western Asset Global High Income Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be paid a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 15.7%. The ex-dividend date of this dividend is Friday, November 20th.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. GraniteShares Advisors LLC increased its position in Western Asset Global High Income Fund by 1.6% during the third quarter. GraniteShares Advisors LLC now owns 447,113 shares of the company’s stock worth $2,437,000 after buying an additional 6,915 shares during the last quarter. Total Wealth Planning & Management Inc. lifted its stake in Western Asset Global High Income Fund by 13.0% in the third quarter. Total Wealth Planning & Management Inc. now owns 65,973 shares of the company’s stock valued at $360,000 after buying an additional 7,576 shares in the last quarter. Readystate Asset Management LP bought a new stake in shares of Western Asset Global High Income Fund during the 2nd quarter worth approximately $315,000. Bank of America Corp DE acquired a new position in shares of Western Asset Global High Income Fund in the second quarter valued at $77,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in Western Asset Global High Income Fund in the 1st quarter valued at about $72,000.
Western Asset Global High Income Fund Company Profile
Western Asset Global High Income Fund Inc (NYSE: EHI) is a closed-end investment company that seeks to provide investors with a high level of current income, while also pursuing opportunities for capital appreciation. The fund invests in a globally diversified portfolio of fixed-income securities and other income-producing instruments.
Its holdings may include below-investment-grade corporate bonds, sovereign and government-related debt, emerging-market securities, bank loans and other credit instruments.
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