AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Short Interest Down 53.3% in May

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) saw a significant decline in short interest in May. As of May 15th, there was short interest totaling 43,717 shares, a decline of 53.3% from the April 30th total of 93,615 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 792,382 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of AllianceBernstein Global High Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of AWF. Northwestern Mutual Wealth Management Co. increased its position in shares of AllianceBernstein Global High Income Fund by 6,487.3% during 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 acquiring an additional 1,182,821 shares during the last quarter. Independent Financial Group LLC purchased a new stake in shares of AllianceBernstein Global High Income Fund during the first quarter worth about $1,943,000. Invesco Ltd. increased its position in shares of AllianceBernstein Global High Income Fund by 18.8% during the fourth quarter. Invesco Ltd. now owns 1,031,213 shares of the closed-end fund’s stock worth $11,024,000 after acquiring an additional 163,009 shares during the last quarter. Absolute Investment Advisers LLC purchased a new stake in shares of AllianceBernstein Global High Income Fund during the first quarter worth about $1,460,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of AllianceBernstein Global High Income Fund during the fourth quarter worth about $1,510,000.

AllianceBernstein Global High Income Fund Trading Up 0.4%

Shares of AWF traded up $0.05 during midday trading on Tuesday, reaching $10.34. 306,900 shares of the company were exchanged, compared to its average volume of 444,082. AllianceBernstein Global High Income Fund has a 1-year low of $9.85 and a 1-year high of $11.43. The stock has a 50-day moving average price of $10.26 and a 200-day moving average price of $10.48.

AllianceBernstein Global High Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 4th will be given a dividend of $0.0655 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Thursday, June 4th.

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.