Short Interest in Western Asset Global High Income Fund Inc. (NYSE:EHI) Rises By 22.7%

Western Asset Global High Income Fund Inc. (NYSE:EHI) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 30,300 shares, an increase of 22.7% from the November 30th total of 24,700 shares. Based on an average daily volume of 155,900 shares, the days-to-cover ratio is currently 0.2 days.

Western Asset Global High Income Fund Price Performance

EHI stock traded up $0.08 during midday trading on Tuesday, hitting $6.68. 151,804 shares of the company’s stock were exchanged, compared to its average volume of 85,652. The firm has a 50 day moving average price of $6.70 and a 200-day moving average price of $6.91. Western Asset Global High Income Fund has a 12-month low of $6.53 and a 12-month high of $7.35.

Western Asset Global High Income Fund Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, January 24th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. J.W. Cole Advisors Inc. acquired a new stake in shares of Western Asset Global High Income Fund in the 2nd quarter valued at about $211,000. Insigneo Advisory Services LLC bought a new stake in Western Asset Global High Income Fund in the second quarter valued at about $224,000. Sykon Capital LLC acquired a new stake in Western Asset Global High Income Fund during the second quarter valued at approximately $137,000. Shaker Financial Services LLC lifted its holdings in Western Asset Global High Income Fund by 239.0% during the 3rd quarter. Shaker Financial Services LLC now owns 153,175 shares of the company’s stock worth $1,073,000 after buying an additional 107,991 shares during the last quarter. Finally, QSV Equity Investors LLC acquired a new position in shares of Western Asset Global High Income Fund in the 3rd quarter worth approximately $82,000.

Western Asset Global High Income Fund Company Profile

Western Asset Global High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe.