Western Asset Global High Income Fund Inc. (NYSE:EHI) Sees Large Drop in Short Interest

Western Asset Global High Income Fund Inc. (NYSE:EHI) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 22,112 shares, a drop of 37.7% from the April 15th total of 35,475 shares. Based on an average daily volume of 90,899 shares, the short-interest ratio is currently 0.2 days.

Western Asset Global High Income Fund Trading Down 0.9%

NYSE:EHI traded down $0.06 on Friday, hitting $6.00. The stock had a trading volume of 57,702 shares, compared to its average volume of 96,286. Western Asset Global High Income Fund has a 1 year low of $5.80 and a 1 year high of $6.70. The firm’s fifty day simple moving average is $6.11 and its two-hundred day simple moving average is $6.29.

Western Asset Global High Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a dividend of $0.07 per share. This represents a c) annualized dividend and a yield of 14.0%. The ex-dividend date of this dividend is Monday, August 24th.

Hedge Funds Weigh In On Western Asset Global High Income Fund

Hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Western Asset Global High Income Fund during the 1st quarter valued at $72,000. World Investment Advisors purchased a new stake in Western Asset Global High Income Fund during the fourth quarter valued at about $187,000. NewEdge Advisors LLC boosted its holdings in Western Asset Global High Income Fund by 11.6% during the 4th quarter. NewEdge Advisors LLC now owns 97,343 shares of the company’s stock valued at $624,000 after acquiring an additional 10,084 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Western Asset Global High Income Fund by 29.0% during the fourth quarter. Osaic Holdings Inc. now owns 136,908 shares of the company’s stock valued at $878,000 after purchasing an additional 30,794 shares during the period. Finally, Landscape Capital Management L.L.C. purchased a new stake in Western Asset Global High Income Fund during the 4th quarter valued at $135,000.

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.