Western Asset Global High Income Fund (NYSE:EHI) Stock Price Down 0.5% – Here’s Why

Western Asset Global High Income Fund Inc. (NYSE:EHI)’s share price dropped 0.5% on Wednesday. The company traded as low as $5.34 and last traded at $5.3650. Approximately 214,411 shares changed hands during trading, an increase of 95% from the average session volume of 109,992 shares. The stock had previously closed at $5.39.

Western Asset Global High Income Fund Stock Performance

The company’s fifty day moving average is $5.65 and its 200-day moving average is $5.87.

Western Asset Global High Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, November 20th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 15.7%.

Institutional Investors Weigh In On Western Asset Global High Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE acquired a new stake in shares of Western Asset Global High Income Fund during the 2nd quarter worth approximately $77,000. Readystate Asset Management LP bought a new stake in shares of Western Asset Global High Income Fund in the second quarter worth about $315,000. Ameritas Advisory Services LLC acquired a new stake in Western Asset Global High Income Fund during the 2nd quarter worth approximately $26,000. CoreCap Advisors LLC bought a new stake in Western Asset Global High Income Fund in the 2nd quarter valued at $48,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Western Asset Global High Income Fund during the first quarter worth about $65,000.

About Western Asset Global High Income Fund

Western Asset Global High Income Fund (NYSE: EHI) is a closed-end investment company managed by Western Asset Management Company. The fund seeks to provide investors with high current income and, secondarily, capital appreciation by investing primarily in global fixed-income securities.

The fund invests across international markets and may hold high-yield corporate bonds, emerging-market debt, sovereign and government-related securities, bank loans, and other income-producing debt instruments.