AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Short Interest Update

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 89,686 shares, an increase of 105.2% from the May 14th total of 43,717 shares. Based on an average daily trading volume, of 387,139 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On AllianceBernstein Global High Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Anchor Capital Management Group Inc purchased a new stake in AllianceBernstein Global High Income Fund in the 1st quarter worth approximately $814,000. Readystate Asset Management LP increased its stake in shares of AllianceBernstein Global High Income Fund by 34.1% during the 1st quarter. Readystate Asset Management LP now owns 143,474 shares of the closed-end fund’s stock worth $1,459,000 after purchasing an additional 36,501 shares during the last quarter. Rivernorth Capital Management LLC acquired a new position in shares of AllianceBernstein Global High Income Fund during the 1st quarter worth $885,000. Royal Bank of Canada increased its stake in shares of AllianceBernstein Global High Income Fund by 0.9% during the 1st quarter. Royal Bank of Canada now owns 1,251,424 shares of the closed-end fund’s stock worth $12,727,000 after purchasing an additional 11,182 shares during the last quarter. Finally, Independent Financial Group LLC acquired a new position in shares of AllianceBernstein Global High Income Fund during the 1st quarter worth $1,943,000.

AllianceBernstein Global High Income Fund Stock Up 0.5%

AWF stock traded up $0.06 during midday trading on Monday, reaching $10.21. The company had a trading volume of 135,098 shares, compared to its average volume of 376,308. AllianceBernstein Global High Income Fund has a 1 year low of $9.85 and a 1 year high of $11.43. The company has a 50 day moving average of $10.28 and a two-hundred day moving average of $10.45.

AllianceBernstein Global High Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, June 26th. Shareholders of record on Thursday, June 4th will be given a $0.0655 dividend. The ex-dividend date is Thursday, June 4th. This represents a c) dividend on an annualized basis and a yield of 7.7%.

About AllianceBernstein Global High Income Fund

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.