Western Asset Global High Income Fund Inc. (NYSE:EHI) Short Interest Up 50.7% in December

Western Asset Global High Income Fund Inc. (NYSE:EHI) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 30,784 shares, an increase of 50.7% from the December 15th total of 20,429 shares. Based on an average trading volume of 252,751 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 252,751 shares, the days-to-cover ratio is presently 0.1 days.

Western Asset Global High Income Fund Price Performance

Shares of NYSE:EHI remained flat at $6.44 on Friday. 87,689 shares of the company’s stock were exchanged, compared to its average volume of 86,417. Western Asset Global High Income Fund has a 1 year low of $6.11 and a 1 year high of $6.91. The company’s fifty day moving average price is $6.37 and its two-hundred day moving average price is $6.47.

Western Asset Global High Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) annualized dividend and a yield of 13.0%.

Hedge Funds Weigh In On Western Asset Global High Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Shaker Financial Services LLC grew its holdings in shares of Western Asset Global High Income Fund by 61.5% during the second quarter. Shaker Financial Services LLC now owns 414,977 shares of the company’s stock worth $2,743,000 after purchasing an additional 158,042 shares during the last quarter. Total Wealth Planning & Management Inc. grew its holdings in Western Asset Global High Income Fund by 10.4% during the 2nd quarter. Total Wealth Planning & Management Inc. now owns 43,980 shares of the company’s stock worth $288,000 after acquiring an additional 4,155 shares during the last quarter. Guggenheim Capital LLC increased its position in Western Asset Global High Income Fund by 21.5% in the 2nd quarter. Guggenheim Capital LLC now owns 668,502 shares of the company’s stock valued at $4,372,000 after acquiring an additional 118,129 shares during the period. J.W. Cole Advisors Inc. raised its stake in shares of Western Asset Global High Income Fund by 5.5% during the second quarter. J.W. Cole Advisors Inc. now owns 243,741 shares of the company’s stock valued at $1,594,000 after acquiring an additional 12,743 shares during the last quarter. Finally, Absolute Investment Advisers LLC lifted its holdings in shares of Western Asset Global High Income Fund by 8.5% during the second quarter. Absolute Investment Advisers LLC now owns 870,040 shares of the company’s stock worth $5,690,000 after purchasing an additional 67,862 shares during the period.

Western Asset Global High Income Fund Company Profile

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.