Western Asset Global High Income Fund Inc. (NYSE:EHI) Short Interest Update

Western Asset Global High Income Fund Inc. (NYSE:EHI) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 37,278 shares, a drop of 50.8% from the July 30th total of 75,767 shares. Based on an average trading volume of 91,455 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Western Asset Global High Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ameritas Advisory Services LLC bought a new position in Western Asset Global High Income Fund in the second quarter valued at approximately $26,000. Kestra Advisory Services LLC bought a new position in Western Asset Global High Income Fund in the 4th quarter valued at about $35,000. CoreCap Advisors LLC bought a new position in Western Asset Global High Income Fund in the 2nd quarter valued at about $48,000. Raymond James Financial Inc. acquired a new stake in Western Asset Global High Income Fund during the second quarter worth approximately $53,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Western Asset Global High Income Fund during the first quarter worth approximately $65,000.

Western Asset Global High Income Fund Price Performance

Shares of EHI stock remained flat at $5.71 on Friday. 131,081 shares of the stock traded hands, compared to its average volume of 101,088. Western Asset Global High Income Fund has a one year low of $5.70 and a one year high of $6.70. The company has a fifty day simple moving average of $5.87 and a two-hundred day simple moving average of $6.04.

Western Asset Global High Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be issued a dividend of $0.07 per share. This represents a c) annualized dividend and a yield of 14.7%. The ex-dividend date is Friday, November 20th.

Western Asset Global High Income Fund Company Profile

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.