Western Asset Global High Income Fund Inc. (NYSE:EHI) Short Interest Update

Western Asset Global High Income Fund Inc. (NYSE:EHI) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 33,671 shares, a decline of 19.4% from the March 15th total of 41,796 shares. Based on an average daily volume of 100,242 shares, the short-interest ratio is currently 0.3 days.

Western Asset Global High Income Fund Stock Performance

Western Asset Global High Income Fund stock traded down $0.01 during mid-day trading on Thursday, hitting $6.22. The company’s stock had a trading volume of 127,321 shares, compared to its average volume of 99,635. The business has a 50 day moving average price of $6.24 and a 200-day moving average price of $6.34. 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 Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) annualized dividend and a yield of 13.5%.

Institutional Trading of Western Asset Global High Income Fund

Several hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its stake in Western Asset Global High Income Fund by 0.6% in the second quarter. Ameriprise Financial Inc. now owns 275,632 shares of the company’s stock worth $1,803,000 after purchasing an additional 1,549 shares during the last quarter. Merit Financial Group LLC lifted its stake in Western Asset Global High Income Fund by 16.2% in the fourth quarter. Merit Financial Group LLC now owns 12,239 shares of the company’s stock worth $78,000 after purchasing an additional 1,707 shares during the last quarter. Bank of America Corp DE lifted its stake in Western Asset Global High Income Fund by 12.4% in the third quarter. Bank of America Corp DE now owns 19,421 shares of the company’s stock worth $128,000 after purchasing an additional 2,140 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Western Asset Global High Income Fund by 3.1% in the third quarter. NewEdge Advisors LLC now owns 87,259 shares of the company’s stock worth $576,000 after purchasing an additional 2,642 shares during the last quarter. Finally, Wolverine Asset Management LLC lifted its stake in Western Asset Global High Income Fund by 26.8% in the fourth quarter. Wolverine Asset Management LLC now owns 12,687 shares of the company’s stock worth $81,000 after purchasing an additional 2,680 shares during the last quarter.

About Western Asset Global High Income Fund

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.