Short Interest in AllianceBernstein Global High Income Fund (NYSE:AWF) Drops By 58.6%

AllianceBernstein Global High Income Fund (NYSE:AWF) was the target of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 36,600 shares, a decrease of 58.6% from the October 31st total of 88,500 shares. Based on an average trading volume of 208,100 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC boosted its holdings in AllianceBernstein Global High Income Fund by 7.4% during the third quarter. Tidal Investments LLC now owns 107,861 shares of the closed-end fund’s stock worth $1,223,000 after purchasing an additional 7,434 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of AllianceBernstein Global High Income Fund during the third quarter valued at approximately $643,000. Kovitz Investment Group Partners LLC bought a new stake in AllianceBernstein Global High Income Fund during the 3rd quarter valued at approximately $159,000. FSA Wealth Management LLC bought a new position in AllianceBernstein Global High Income Fund during the 3rd quarter valued at approximately $30,000. Finally, Concurrent Investment Advisors LLC lifted its position in AllianceBernstein Global High Income Fund by 20.7% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 51,290 shares of the closed-end fund’s stock valued at $582,000 after acquiring an additional 8,793 shares in the last quarter.

AllianceBernstein Global High Income Fund Stock Up 0.6 %

Shares of AllianceBernstein Global High Income Fund stock traded up $0.07 on Thursday, hitting $10.97. The company had a trading volume of 236,647 shares, compared to its average volume of 204,886. The stock has a 50-day moving average of $11.01 and a 200-day moving average of $10.83. AllianceBernstein Global High Income Fund has a twelve month low of $9.72 and a twelve month high of $11.36.

AllianceBernstein Global High Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, December 5th will be given a $0.0655 dividend. This represents a $0.79 dividend on an annualized basis and a yield of 7.16%. The ex-dividend date is Thursday, December 5th.

AllianceBernstein Global High Income Fund Company Profile

AllianceBernstein Global High Income Fund is a close-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. It invests in fixed income markets across the globe. The fund primarily invests in lower-rated corporate debt securities and government bonds. It employs a combination of fundamental and quantitative analysis to create its portfolio.