AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Short Interest Up 82.1% in August

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 82,389 shares, an increase of 82.1% from the August 15th total of 45,243 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 259,316 shares, the short-interest ratio is presently 0.3 days.

Insiders Place Their Bets

In other AllianceBernstein Global High Income Fund news, Director Emilie Wrapp bought 3,432 shares of the company’s stock in a transaction on Tuesday, July 21st. The shares were bought at an average price of $10.19 per share, for a total transaction of $34,972.08. Following the transaction, the director owned 5,825 shares of the company’s stock, valued at approximately $59,356.75. This trade represents a 143.42% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On AllianceBernstein Global High Income Fund

Institutional investors have recently modified their holdings of the company. HighTower Advisors LLC acquired a new stake in shares of AllianceBernstein Global High Income Fund in the 2nd quarter worth approximately $414,000. Concurrent Investment Advisors LLC grew its holdings in AllianceBernstein Global High Income Fund by 2.8% in the second quarter. Concurrent Investment Advisors LLC now owns 47,254 shares of the closed-end fund’s stock valued at $487,000 after purchasing an additional 1,273 shares during the last quarter. Susquehanna International Group LLP increased its position in shares of AllianceBernstein Global High Income Fund by 9.2% in the second quarter. Susquehanna International Group LLP now owns 45,774 shares of the closed-end fund’s stock valued at $471,000 after buying an additional 3,874 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new position in shares of AllianceBernstein Global High Income Fund during the 2nd quarter worth $449,000. Finally, Bank of America Corp DE purchased a new stake in shares of AllianceBernstein Global High Income Fund in the 2nd quarter worth about $6,094,000.

AllianceBernstein Global High Income Fund Trading Up 0.6%

NYSE:AWF traded up $0.06 during trading hours on Thursday, hitting $9.98. The company’s stock had a trading volume of 459,797 shares, compared to its average volume of 350,369. AllianceBernstein Global High Income Fund has a 52-week low of $9.85 and a 52-week high of $11.43. The business’s 50-day moving average is $10.11 and its two-hundred day moving average is $10.19.

AllianceBernstein Global High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 18th. Investors of record on Thursday, September 3rd will be issued a dividend of $0.0655 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 7.9%.

AllianceBernstein Global High Income Fund Company Profile

AllianceBernstein Global High Income Fund, Inc (NYSE: AWF) is a closed-end investment company managed by AllianceBernstein L.P. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing in a diversified portfolio of global fixed-income securities.

The fund primarily invests in below-investment-grade, or high-yield, debt issued by corporations and governments. Its portfolio may include bonds and other debt securities from developed and emerging markets, allowing the fund to pursue income opportunities across multiple regions, industries and currencies while maintaining a global investment mandate.

AllianceBernstein L.P., an investment-management firm and subsidiary of Equitable Holdings, provides the fund’s portfolio management and research capabilities.