AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Short Interest Down 42.6% in August

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 45,243 shares, a decrease of 42.6% from the July 30th total of 78,797 shares. Based on an average daily trading volume, of 300,651 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

AllianceBernstein Global High Income Fund Trading Down 0.6%

Shares of NYSE:AWF traded down $0.06 during midday trading on Friday, hitting $10.14. The company had a trading volume of 271,291 shares, compared to its average volume of 286,120. AllianceBernstein Global High Income Fund has a 12-month low of $9.85 and a 12-month high of $11.43. The company has a fifty day moving average of $10.16 and a two-hundred day moving average of $10.25.

AllianceBernstein Global High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, September 18th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $0.0655 per share. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Thursday, September 3rd.

Insiders Place Their Bets

In other AllianceBernstein Global High Income Fund news, Director Emilie D. Wrapp purchased 3,432 shares of the firm’s stock in a transaction on Tuesday, July 21st. The shares were acquired at an average cost of $10.19 per share, for a total transaction of $34,972.08. Following the completion of the transaction, the director owned 5,825 shares of the company’s stock, valued at approximately $59,356.75. The trade was a 143.42% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Trading of AllianceBernstein Global High Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp purchased a new position in shares of AllianceBernstein Global High Income Fund during the 1st quarter valued at about $25,000. CWM LLC increased its holdings in AllianceBernstein Global High Income Fund by 64.3% in the 4th quarter. CWM LLC now owns 4,429 shares of the closed-end fund’s stock worth $47,000 after acquiring an additional 1,733 shares in the last quarter. Advisory Services Network LLC bought a new stake in AllianceBernstein Global High Income Fund during the 3rd quarter worth approximately $47,000. Kestra Private Wealth Services LLC bought a new stake in AllianceBernstein Global High Income Fund during the 3rd quarter worth approximately $113,000. Finally, Citadel Advisors LLC purchased a new position in AllianceBernstein Global High Income Fund during the third quarter valued at approximately $165,000.

AllianceBernstein Global High Income Fund Company Profile

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.