Short Interest in Western Asset Global High Income Fund Inc. (NYSE:EHI) Decreases By 17.0%

Western Asset Global High Income Fund Inc. (NYSE:EHI) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 55,800 shares, a decline of 17.0% from the March 15th total of 67,200 shares. Based on an average trading volume of 90,100 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EHI. Apollon Wealth Management LLC purchased a new position in shares of Western Asset Global High Income Fund during the fourth quarter valued at about $132,000. J.W. Cole Advisors Inc. increased its stake in shares of Western Asset Global High Income Fund by 60.6% in the 4th quarter. J.W. Cole Advisors Inc. now owns 172,608 shares of the company’s stock worth $1,153,000 after acquiring an additional 65,147 shares in the last quarter. Sit Investment Associates Inc. boosted its stake in Western Asset Global High Income Fund by 3,634.2% during the fourth quarter. Sit Investment Associates Inc. now owns 4,895,479 shares of the company’s stock worth $32,702,000 after acquiring an additional 4,764,380 shares in the last quarter. Robinson Capital Management LLC purchased a new stake in Western Asset Global High Income Fund in the fourth quarter worth about $578,000. Finally, Rareview Capital LLC bought a new position in shares of Western Asset Global High Income Fund during the fourth quarter valued at approximately $997,000.

Western Asset Global High Income Fund Stock Down 0.2 %

Shares of NYSE EHI traded down $0.01 during trading hours on Monday, hitting $6.35. The company’s stock had a trading volume of 15,933 shares, compared to its average volume of 85,858. Western Asset Global High Income Fund has a 12 month low of $6.11 and a 12 month high of $7.35. The business has a 50-day simple moving average of $6.60 and a 200-day simple moving average of $6.69.

Western Asset Global High Income Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a dividend yield of 12.44%.

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.