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

by · The Cerbat Gem

Western Asset Global High Income Fund Inc. (NYSE:EHI – Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 26,100 shares, a growth of 39.6% from the September 30th total of 18,700 shares. Based on an average trading volume of 93,500 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 93,500 shares, the short-interest ratio is currently 0.3 days.

Western Asset Global High Income Fund Trading Up 0.4%

EHI stock traded up $0.02 during midday trading on Tuesday, reaching $6.37. 118,924 shares of the company’s stock traded hands, compared to its average volume of 86,446. Western Asset Global High Income Fund has a fifty-two week low of $6.11 and a fifty-two week high of $6.91. The business has a 50-day moving average price of $6.52 and a two-hundred day moving average price of $6.49.

Western Asset Global High Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 24th were given a dividend of $0.07 per share. This represents a c) dividend on an annualized basis and a yield of 13.2%. The ex-dividend date of this dividend was Friday, October 24th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EHI. Elequin Capital LP acquired a new position in Western Asset Global High Income Fund during the first quarter valued at approximately $50,000. Raymond James Financial Inc. acquired a new position in Western Asset Global High Income Fund during the second quarter valued at approximately $53,000. Wolverine Asset Management LLC acquired a new position in shares of Western Asset Global High Income Fund during the third quarter worth $66,000. Tactive Advisors LLC acquired a new position in shares of Western Asset Global High Income Fund during the second quarter worth $132,000. Finally, Total Wealth Planning & Management Inc. lifted its position in shares of Western Asset Global High Income Fund by 10.4% during the second quarter. Total Wealth Planning & Management Inc. now owns 43,980 shares of the company’s stock worth $288,000 after purchasing an additional 4,155 shares in the last quarter.

About Western Asset Global High Income Fund

(Get Free Report)

Western Asset Global High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe.

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