AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Short Interest Down 53.3% in May
by Amy Steele · The Cerbat GemAllianceBernstein Global High Income Fund, Inc. (NYSE:AWF – Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 43,717 shares, a decrease of 53.3% from the April 30th total of 93,615 shares. Based on an average daily volume of 792,382 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in AWF. Fifth Third Bancorp bought a new position in shares of AllianceBernstein Global High Income Fund in the first quarter valued at approximately $25,000. CWM LLC boosted its holdings in shares of 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 valued at $47,000 after acquiring an additional 1,733 shares in the last quarter. Advisory Services Network LLC bought a new position in AllianceBernstein Global High Income Fund during the third quarter valued at about $47,000. Strategic Advocates LLC bought a new position in AllianceBernstein Global High Income Fund during the third quarter valued at about $59,000. Finally, MAI Capital Management boosted its stake in AllianceBernstein Global High Income Fund by 370.0% during the third quarter. MAI Capital Management now owns 7,567 shares of the closed-end fund’s stock valued at $85,000 after buying an additional 5,957 shares in the last quarter.
AllianceBernstein Global High Income Fund Trading Down 0.1%
Shares of NYSE:AWF traded down $0.02 on Friday, hitting $10.33. The company’s stock had a trading volume of 131,262 shares, compared to its average volume of 603,460. AllianceBernstein Global High Income Fund has a 12 month low of $9.85 and a 12 month high of $11.43. The stock’s 50-day moving average is $10.26 and its two-hundred day moving average is $10.49.
AllianceBernstein Global High Income Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 4th will be issued a $0.0655 dividend. The ex-dividend date is Thursday, June 4th. This represents a c) annualized dividend and a dividend yield of 7.6%.
About AllianceBernstein Global High Income Fund
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.