Western Asset Global High Income Fund Inc. (NYSE:EHI) Sees Significant Decline in Short Interest

Western Asset Global High Income Fund Inc. (NYSE:EHI) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 50,962 shares, a decrease 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 Trading Down 0.6%

NYSE EHI opened at $5.37 on Friday. The stock has a 50 day simple moving average of $5.49 and a two-hundred day simple moving average of $5.95. Western Asset Global High Income Fund has a fifty-two week low of $5.20 and a fifty-two week high of $6.55.

Western Asset Global High Income Fund Dividend Announcement

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 $0.07 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $0.84 dividend on an annualized basis and a yield of 15.7%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. GraniteShares Advisors LLC boosted its position in shares of 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 period. Total Wealth Planning & Management Inc. grew its position 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 acquiring 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 valued at about $315,000. Ameritas Advisory Services LLC bought a new position in Western Asset Global High Income Fund during the 2nd quarter valued at $26,000. Finally, Bank of America Corp DE purchased a new position in Western Asset Global High Income Fund during the 2nd quarter valued at about $77,000.

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.