Western Asset Global High Income Fund (NYSE:EHI) Shares Break Below Fifty Day Moving Average – Here’s What Happened

Western Asset Global High Income Fund Inc. (NYSE:EHI) crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $5.55 and traded as low as $5.29. Western Asset Global High Income Fund shares last traded at $5.3050, with a volume of 106,404 shares trading hands.

Western Asset Global High Income Fund Trading Down 0.5%

The firm has a fifty day moving average of $5.55 and a 200-day moving average of $5.83.

Western Asset Global High Income Fund Dividend Announcement

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 issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $0.84 annualized dividend and a yield of 15.8%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EHI. Bank of America Corp DE acquired a new position in shares of Western Asset Global High Income Fund during the 2nd quarter worth $77,000. Ameritas Advisory Services LLC purchased a new stake in shares of Western Asset Global High Income Fund in the 2nd quarter worth about $26,000. Readystate Asset Management LP purchased a new stake in shares of Western Asset Global High Income Fund in the 2nd quarter worth about $315,000. CoreCap Advisors LLC acquired a new stake in Western Asset Global High Income Fund in the 2nd quarter valued at about $48,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Western Asset Global High Income Fund in the 1st quarter valued at about $65,000.

About Western Asset Global High Income Fund

Western Asset Global High Income Fund Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol EHI. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing primarily in fixed-income securities issued by companies and governments around the world.

The fund’s portfolio may include below-investment-grade corporate bonds, emerging-market debt, sovereign and government-related securities, bank loans, and other income-producing instruments.