Short Interest in AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Grows By 185.9%

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 86,739 shares, an increase of 185.9% from the June 30th total of 30,335 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 356,523 shares, the short-interest ratio is presently 0.2 days.

AllianceBernstein Global High Income Fund Stock Up 0.3%

Shares of NYSE:AWF traded up $0.04 on Tuesday, reaching $10.11. 199,872 shares of the company’s stock were exchanged, compared to its average volume of 369,162. The business’s 50-day moving average is $10.19 and its two-hundred day moving average is $10.33. AllianceBernstein Global High Income Fund has a fifty-two week low of $9.85 and a fifty-two week high of $11.43.

AllianceBernstein Global High Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 21st. Investors of record on Thursday, August 6th will be paid a dividend of $0.0655 per share. The ex-dividend date is Thursday, August 6th. This represents a c) annualized dividend and a yield of 7.8%.

Insider Transactions at AllianceBernstein Global High Income Fund

In other news, Director Emilie D. Wrapp acquired 3,432 shares of AllianceBernstein Global High Income Fund stock in a transaction that occurred on Tuesday, July 21st. The shares were purchased at an average cost of $10.19 per share, for a total transaction of $34,972.08. Following the completion of the purchase, the director directly owned 5,825 shares of the company’s stock, valued at $59,356.75. This trade represents a 143.42% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On AllianceBernstein Global High Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of AWF. Fifth Third Bancorp acquired a new stake in shares of AllianceBernstein Global High Income Fund during the 1st quarter worth approximately $25,000. Advisory Services Network LLC acquired a new position in AllianceBernstein Global High Income Fund during the 3rd quarter valued at approximately $47,000. CWM LLC boosted its position in AllianceBernstein Global High Income Fund by 64.3% during the 4th quarter. CWM LLC now owns 4,429 shares of the closed-end fund’s stock valued at $47,000 after purchasing an additional 1,733 shares during the period. Kestra Private Wealth Services LLC bought a new position in AllianceBernstein Global High Income Fund during the 3rd quarter worth $113,000. Finally, Dumont & Blake Investment Advisors LLC bought a new position in AllianceBernstein Global High Income Fund during the 4th quarter worth $152,000.

AllianceBernstein Global High Income Fund Company Profile

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.