Western Asset Global High Income Fund (NYSE:EHI) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Western Asset Global High Income Fund Inc. (NYSE:EHI)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.49 and traded as low as $6.35. Western Asset Global High Income Fund shares last traded at $6.36, with a volume of 83,603 shares changing hands.

Western Asset Global High Income Fund Trading Down 0.2%

The stock has a fifty day moving average of $6.49 and a two-hundred day moving average of $6.49.

Hedge Funds Weigh In On Western Asset Global High Income Fund

Large investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its stake in shares of Western Asset Global High Income Fund by 0.6% during the second quarter. Ameriprise Financial Inc. now owns 275,632 shares of the company’s stock valued at $1,803,000 after purchasing an additional 1,549 shares during the period. Total Wealth Planning & Management Inc. raised its holdings in Western Asset Global High Income Fund by 10.4% during the 2nd quarter. Total Wealth Planning & Management Inc. now owns 43,980 shares of the company’s stock valued at $288,000 after buying an additional 4,155 shares during the last quarter. Invesco Ltd. raised its holdings in Western Asset Global High Income Fund by 2.2% during the 2nd quarter. Invesco Ltd. now owns 320,778 shares of the company’s stock valued at $2,098,000 after buying an additional 7,038 shares during the last quarter. Elequin Capital LP purchased a new stake in Western Asset Global High Income Fund during the 1st quarter valued at $50,000. Finally, Raymond James Financial Inc. bought a new stake in Western Asset Global High Income Fund in the 2nd quarter worth $53,000.

About Western Asset Global High Income Fund

Western Asset Global High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe.