Western Asset Global High Income Fund (NYSE:EHI) Trading Up 0.1% – Here’s Why

Western Asset Global High Income Fund Inc. (NYSE:EHI) traded up 0.1% on Monday . The stock traded as high as $5.96 and last traded at $5.9250. 76,454 shares were traded during mid-day trading, a decline of 21% from the average session volume of 96,576 shares. The stock had previously closed at $5.92.

Western Asset Global High Income Fund Stock Performance

The business has a 50 day simple moving average of $6.04 and a 200-day simple moving average of $6.25.

Western Asset Global High Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be paid a dividend of $0.07 per share. The ex-dividend date is Monday, August 24th. This represents a c) annualized dividend and a yield of 14.2%.

Institutional Trading of Western Asset Global High Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in EHI. Kestra Advisory Services LLC bought a new position in shares of Western Asset Global High Income Fund in the fourth quarter valued at approximately $35,000. Raymond James Financial Inc. purchased a new stake in shares of Western Asset Global High Income Fund during the second quarter valued at approximately $53,000. Mosaic Family Wealth Partners LLC bought a new stake in Western Asset Global High Income Fund during the third quarter worth $65,000. Ashton Thomas Securities LLC bought a new stake in Western Asset Global High Income Fund during the first quarter worth $65,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Western Asset Global High Income Fund in the first quarter worth $72,000.

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.