AllianceBernstein Global High Income Fund (NYSE:AWF) Short Interest Up 169.1% in July

AllianceBernstein Global High Income Fund (NYSE:AWF) saw a significant growth in short interest in July. As of July 31st, there was short interest totalling 76,700 shares, a growth of 169.1% from the July 15th total of 28,500 shares. Based on an average daily volume of 209,100 shares, the short-interest ratio is currently 0.4 days.

AllianceBernstein Global High Income Fund Stock Up 0.8 %

AllianceBernstein Global High Income Fund stock traded up $0.08 during midday trading on Thursday, hitting $10.92. 256,923 shares of the stock were exchanged, compared to its average volume of 203,561. AllianceBernstein Global High Income Fund has a 52-week low of $9.20 and a 52-week high of $10.97. The business’s 50-day moving average price is $10.58 and its 200-day moving average price is $10.50.

AllianceBernstein Global High Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 16th. Shareholders of record on Thursday, August 1st will be issued a dividend of $0.0655 per share. This represents a $0.79 annualized dividend and a yield of 7.20%. The ex-dividend date of this dividend is Thursday, August 1st.

Hedge Funds Weigh In On AllianceBernstein Global High Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wealthgarden F.S. LLC purchased a new stake in shares of AllianceBernstein Global High Income Fund during the second quarter worth $350,000. Vanguard Capital Wealth Advisors raised its stake in shares of AllianceBernstein Global High Income Fund by 35.1% during the 2nd quarter. Vanguard Capital Wealth Advisors now owns 50,000 shares of the closed-end fund’s stock valued at $524,000 after purchasing an additional 13,000 shares during the period. Choreo LLC purchased a new stake in AllianceBernstein Global High Income Fund during the 2nd quarter worth about $149,000. Cullen Frost Bankers Inc. lifted its holdings in AllianceBernstein Global High Income Fund by 62.5% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 13,000 shares of the closed-end fund’s stock worth $136,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Shaker Financial Services LLC boosted its stake in AllianceBernstein Global High Income Fund by 54.5% in the 2nd quarter. Shaker Financial Services LLC now owns 62,400 shares of the closed-end fund’s stock worth $654,000 after purchasing an additional 22,014 shares during the period.

About AllianceBernstein Global High Income Fund

AllianceBernstein Global High Income Fund is a close-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. It invests in fixed income markets across the globe. The fund primarily invests in lower-rated corporate debt securities and government bonds. It employs a combination of fundamental and quantitative analysis to create its portfolio.