Western Asset Global High Income Fund Inc. (NYSE:EHI) Short Interest Up 50.7% in December

Western Asset Global High Income Fund Inc. (NYSE:EHI) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 30,784 shares, a growth of 50.7% from the December 15th total of 20,429 shares. Based on an average daily volume of 252,751 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 252,751 shares, the short-interest ratio is currently 0.1 days.

Western Asset Global High Income Fund Price Performance

NYSE:EHI remained flat at $6.44 on Friday. 87,689 shares of the company’s stock were exchanged, compared to its average volume of 86,417. The company has a 50 day moving average of $6.37 and a two-hundred day moving average of $6.47. Western Asset Global High Income Fund has a 12-month low of $6.11 and a 12-month high of $6.91.

Western Asset Global High Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be paid a $0.07 dividend. The ex-dividend date is Friday, February 20th. This represents a c) annualized dividend and a yield of 13.0%.

Institutional Investors Weigh In On Western Asset Global High Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of EHI. Ameriprise Financial Inc. lifted its stake in shares of Western Asset Global High Income Fund by 0.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 275,632 shares of the company’s stock valued at $1,803,000 after acquiring an additional 1,549 shares during the last quarter. Bank of America Corp DE lifted its position in Western Asset Global High Income Fund by 12.4% in the third quarter. Bank of America Corp DE now owns 19,421 shares of the company’s stock valued at $128,000 after purchasing an additional 2,140 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Western Asset Global High Income Fund by 3.1% during the third quarter. NewEdge Advisors LLC now owns 87,259 shares of the company’s stock valued at $576,000 after purchasing an additional 2,642 shares during the period. Total Wealth Planning & Management Inc. grew its holdings in shares of Western Asset Global High Income Fund by 10.4% in the second quarter. Total Wealth Planning & Management Inc. now owns 43,980 shares of the company’s stock worth $288,000 after purchasing an additional 4,155 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of Western Asset Global High Income Fund by 69.7% in the third quarter. Raymond James Financial Inc. now owns 13,763 shares of the company’s stock worth $91,000 after purchasing an additional 5,651 shares during the last quarter.

Western Asset Global High Income Fund Company Profile

Western Asset Global High Income Fund (NYSE: EHI) is a diversified, closed-end management investment company that seeks to provide high current income by investing primarily in a broad range of high-yield and emerging-market debt securities. The fund’s portfolio typically includes corporate and sovereign bonds, bank loans, convertible securities and other credit instruments denominated in U.S. dollars and foreign currencies. By accessing global credit markets, EHI aims to capture attractive yield opportunities across developed and developing economies.

Launched in the late 2000s, the fund employs both fundamental credit analysis and top-down macroeconomic research to construct a portfolio that balances income generation with risk management.