AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Sees Significant Growth in Short Interest

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 86,739 shares, a growth of 185.9% from the June 30th total of 30,335 shares. Based on an average trading volume of 356,523 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Insider Buying and Selling

In other AllianceBernstein Global High Income Fund news, Director Emilie D. Wrapp bought 3,432 shares of the company’s stock in a transaction on Tuesday, July 21st. The stock was 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. The trade was a 143.42% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of AllianceBernstein Global High Income Fund

A number of hedge funds have recently modified their holdings of AWF. Fifth Third Bancorp bought a new position in AllianceBernstein Global High Income Fund during the 1st quarter worth approximately $25,000. Advisory Services Network LLC bought a new stake in AllianceBernstein Global High Income Fund in the third quarter valued at approximately $47,000. CWM LLC raised its holdings in AllianceBernstein Global High Income Fund by 64.3% in the fourth quarter. CWM LLC now owns 4,429 shares of the closed-end fund’s stock worth $47,000 after purchasing an additional 1,733 shares during the period. Kestra Private Wealth Services LLC acquired a new stake in AllianceBernstein Global High Income Fund in the third quarter worth $113,000. Finally, Dumont & Blake Investment Advisors LLC bought a new position in shares of AllianceBernstein Global High Income Fund during the fourth quarter worth $152,000.

AllianceBernstein Global High Income Fund Stock Up 0.3%

Shares of AllianceBernstein Global High Income Fund stock opened at $10.11 on Wednesday. The business has a fifty day simple moving average of $10.19 and a 200 day simple moving average of $10.32. AllianceBernstein Global High Income Fund has a 12 month low of $9.85 and a 12 month high of $11.43.

AllianceBernstein Global High Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, August 21st. Stockholders of record on Thursday, August 6th will be given a dividend of $0.0655 per share. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Thursday, August 6th.

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.