Western Asset Global High Income Fund Inc. (NYSE:EHI) Sees Large Drop in Short Interest

Western Asset Global High Income Fund Inc. (NYSE:EHI) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 54,542 shares, a drop of 38.6% from the June 30th total of 88,851 shares. Based on an average daily trading volume, of 95,607 shares, the short-interest ratio is presently 0.6 days.

Western Asset Global High Income Fund Price Performance

Shares of EHI stock traded up $0.03 during trading hours on Thursday, hitting $5.78. 103,715 shares of the company’s stock traded hands, compared to its average volume of 95,052. The stock’s 50 day simple moving average is $5.94 and its 200 day simple moving average is $6.14. Western Asset Global High Income Fund has a 12 month low of $5.75 and a 12 month high of $6.70.

Western Asset Global High Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a yield of 14.5%.

Institutional Investors Weigh In On Western Asset Global High Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. GraniteShares Advisors LLC acquired a new position in shares of Western Asset Global High Income Fund in the fourth quarter worth approximately $2,733,000. Absolute Investment Advisers LLC increased its position in Western Asset Global High Income Fund by 50.3% during the 4th quarter. Absolute Investment Advisers LLC now owns 467,620 shares of the company’s stock valued at $2,986,000 after purchasing an additional 156,485 shares during the period. CoreCap Advisors LLC bought a new position in Western Asset Global High Income Fund during the 2nd quarter worth approximately $48,000. Ashton Thomas Securities LLC bought a new position in Western Asset Global High Income Fund during the 1st quarter worth approximately $65,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Western Asset Global High Income Fund in the 1st quarter worth approximately $72,000.

About Western Asset Global High Income Fund

Western Asset Global High Income Fund (NYSE: EHI) is a diversified, closed-end management investment company that seeks to provide high current income by investing primarily in a broad range of high-yield and emerging-market debt securities. The fund’s portfolio typically includes corporate and sovereign bonds, bank loans, convertible securities and other credit instruments denominated in U.S. dollars and foreign currencies. By accessing global credit markets, EHI aims to capture attractive yield opportunities across developed and developing economies.

Launched in the late 2000s, the fund employs both fundamental credit analysis and top-down macroeconomic research to construct a portfolio that balances income generation with risk management.