Short Interest in AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Rises By 42.6%

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 54,792 shares, a growth of 42.6% from the February 26th total of 38,425 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 421,277 shares, the short-interest ratio is presently 0.1 days.

AllianceBernstein Global High Income Fund Trading Down 0.5%

NYSE AWF traded down $0.05 on Monday, hitting $9.89. The company’s stock had a trading volume of 450,259 shares, compared to its average volume of 345,199. AllianceBernstein Global High Income Fund has a 52-week low of $9.30 and a 52-week high of $11.43. The company’s 50-day simple moving average is $10.43 and its 200 day simple moving average is $10.73.

AllianceBernstein Global High Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 2nd will be issued a dividend of $0.0655 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date is Thursday, April 2nd.

Institutional Trading of AllianceBernstein Global High Income Fund

Several large investors have recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. purchased a new position in AllianceBernstein Global High Income Fund during the 2nd quarter valued at $32,000. CWM LLC boosted its stake in shares of AllianceBernstein Global High Income Fund by 64.3% during the 4th quarter. CWM LLC now owns 4,429 shares of the closed-end fund’s stock valued at $47,000 after purchasing an additional 1,733 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of AllianceBernstein Global High Income Fund during the third quarter valued at about $47,000. Strategic Advocates LLC purchased a new position in shares of AllianceBernstein Global High Income Fund during the third quarter valued at about $59,000. Finally, MAI Capital Management raised its stake in AllianceBernstein Global High Income Fund by 370.0% in the third quarter. MAI Capital Management now owns 7,567 shares of the closed-end fund’s stock worth $85,000 after buying an additional 5,957 shares in the last quarter.

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.