AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Short Interest Update

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 102,441 shares, a growth of 87.0% from the March 15th total of 54,792 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 405,081 shares, the days-to-cover ratio is presently 0.3 days.

Insider Activity at AllianceBernstein Global High Income Fund

In other news, VP Gershon M. Distenfeld sold 5,462 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $10.57, for a total transaction of $57,733.34. Following the completion of the transaction, the vice president directly owned 14,801 shares in the company, valued at approximately $156,446.57. This represents a 26.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of AllianceBernstein Global High Income Fund

A number of institutional investors have recently bought and sold shares of AWF. Gridiron Partners LLC bought a new stake in AllianceBernstein Global High Income Fund in the third quarter worth $463,000. Northwestern Mutual Wealth Management Co. lifted its position in AllianceBernstein Global High Income Fund by 6,487.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,201,054 shares of the closed-end fund’s stock worth $12,839,000 after buying an additional 1,182,821 shares during the last quarter. Invesco Ltd. lifted its position in AllianceBernstein Global High Income Fund by 18.8% in the fourth quarter. Invesco Ltd. now owns 1,031,213 shares of the closed-end fund’s stock worth $11,024,000 after buying an additional 163,009 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in AllianceBernstein Global High Income Fund in the fourth quarter worth $1,510,000. Finally, Hennion & Walsh Asset Management Inc. lifted its position in AllianceBernstein Global High Income Fund by 375.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 135,955 shares of the closed-end fund’s stock worth $1,453,000 after buying an additional 107,383 shares during the last quarter.

AllianceBernstein Global High Income Fund Stock Up 0.7%

AWF traded up $0.07 during trading on Tuesday, reaching $10.53. The company had a trading volume of 199,716 shares, compared to its average volume of 367,863. The business has a 50 day simple moving average of $10.34 and a 200-day simple moving average of $10.63. AllianceBernstein Global High Income Fund has a 52 week low of $9.85 and a 52 week high of $11.43.

AllianceBernstein Global High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 2nd will be given a $0.0655 dividend. The ex-dividend date is Thursday, April 2nd. This represents a c) dividend on an annualized basis and a yield of 7.5%.

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.