Western Asset Global High Income Fund (NYSE:EHI) Stock Price Down 0.5% – Here’s What Happened

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

Western Asset Global High Income Fund Trading Down 0.5%

The business’s 50-day moving average price is $5.66 and its 200 day moving average price is $5.88.

Western Asset Global High Income Fund Announces Dividend

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

Hedge Funds Weigh In On Western Asset Global High Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EHI. Readystate Asset Management LP purchased a new stake in shares of Western Asset Global High Income Fund in the 2nd quarter valued at about $315,000. World Investment Advisors bought a new stake in shares of Western Asset Global High Income Fund during the 4th quarter valued at about $187,000. Bank of America Corp DE purchased a new position in shares of Western Asset Global High Income Fund during the second quarter worth about $77,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Western Asset Global High Income Fund during the first quarter worth about $72,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Western Asset Global High Income Fund in the first quarter worth approximately $65,000.

About Western Asset Global High Income Fund

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.