Short Interest in AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Grows By 105.2%

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 89,686 shares, a growth of 105.2% from the May 14th total of 43,717 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 387,139 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in AllianceBernstein Global High Income Fund by 0.9% in the 1st quarter. Royal Bank of Canada now owns 1,251,424 shares of the closed-end fund’s stock worth $12,727,000 after buying an additional 11,182 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of AllianceBernstein Global High Income Fund by 6,487.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,201,054 shares of the closed-end fund’s stock valued at $12,839,000 after purchasing an additional 1,182,821 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of AllianceBernstein Global High Income Fund by 18.8% during the 4th quarter. Invesco Ltd. now owns 1,031,213 shares of the closed-end fund’s stock valued at $11,024,000 after purchasing an additional 163,009 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of AllianceBernstein Global High Income Fund by 5.8% during the 2nd quarter. Bank of America Corp DE now owns 899,161 shares of the closed-end fund’s stock valued at $9,918,000 after purchasing an additional 49,624 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in shares of AllianceBernstein Global High Income Fund by 21.6% during the 3rd quarter. Raymond James Financial Inc. now owns 559,050 shares of the closed-end fund’s stock valued at $6,267,000 after purchasing an additional 99,303 shares during the last quarter.

AllianceBernstein Global High Income Fund Trading Down 0.1%

AllianceBernstein Global High Income Fund stock traded down $0.02 during mid-day trading on Friday, hitting $10.15. The stock had a trading volume of 217,896 shares, compared to its average volume of 343,182. The firm’s 50 day moving average is $10.28 and its 200 day moving average is $10.45. AllianceBernstein Global High Income Fund has a one year low of $9.85 and a one year high of $11.43.

AllianceBernstein Global High Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, June 26th. Investors of record on Thursday, June 4th will be issued a $0.0655 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a c) annualized dividend and a yield of 7.7%.

About AllianceBernstein Global High Income Fund

AllianceBernstein Global High Income Fund (NYSE: AWF) is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital growth. The fund is traded on the New York Stock Exchange and offers investors access to a diversified portfolio of global fixed-income securities designed to capitalize on opportunities in the high-yield credit market.

The fund primarily invests in a broad array of debt instruments, including corporate high-yield bonds, sovereign and quasi-sovereign debt, collateralized loan obligations, convertible securities, and other income-oriented instruments.