Western Asset Global High Income Fund (NYSE:EHI) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Western Asset Global High Income Fund Inc. (NYSE:EHI – Get Free Report) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $5.80 and traded as low as $5.52. Western Asset Global High Income Fund shares last traded at $5.5450, with a volume of 184,570 shares changing hands.

Western Asset Global High Income Fund Trading Up 0.8%

The stock’s fifty day moving average is $5.79 and its two-hundred day moving average is $5.96.

Western Asset Global High Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be given a dividend of $0.07 per share. This represents a c) dividend on an annualized basis and a yield of 15.0%. The ex-dividend date of this dividend is Friday, November 20th.

Hedge Funds Weigh In On Western Asset Global High Income Fund

Large investors have recently modified their holdings of the stock. Readystate Asset Management LP bought a new position in Western Asset Global High Income Fund in the 2nd quarter valued at about $315,000. Total Wealth Planning & Management Inc. bought a new stake in shares of Western Asset Global High Income Fund during the 4th quarter valued at $304,000. World Investment Advisors bought a new stake in Western Asset Global High Income Fund during the fourth quarter worth about $187,000. Bank of America Corp DE acquired a new stake in shares of Western Asset Global High Income Fund during the 2nd quarter worth approximately $77,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Western Asset Global High Income Fund in the 1st quarter valued at $72,000.

About Western Asset Global High Income Fund

(Get Free Report)

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.

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