Short Interest in AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Drops By 25.9%

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 35,708 shares, a decline of 25.9% from the December 15th total of 48,197 shares. Based on an average daily volume of 259,222 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 259,222 shares, the days-to-cover ratio is presently 0.1 days.

AllianceBernstein Global High Income Fund Stock Performance

Shares of AllianceBernstein Global High Income Fund stock traded down $0.06 during trading hours on Friday, reaching $10.54. The company’s stock had a trading volume of 686,088 shares, compared to its average volume of 256,797. The firm has a 50 day moving average price of $10.71 and a 200-day moving average price of $10.98. AllianceBernstein Global High Income Fund has a one year low of $9.30 and a one year high of $11.43.

AllianceBernstein Global High Income Fund Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Friday, January 16th. Stockholders of record on Thursday, January 8th were paid a $0.0488 dividend. This represents a dividend yield of 188.0%. The ex-dividend date of this dividend was Thursday, January 8th.

Institutional Trading of AllianceBernstein Global High Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Uncommon Cents Investing LLC boosted its stake in AllianceBernstein Global High Income Fund by 2.0% during the fourth quarter. Uncommon Cents Investing LLC now owns 343,840 shares of the closed-end fund’s stock worth $3,676,000 after buying an additional 6,900 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in shares of AllianceBernstein Global High Income Fund by 375.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 135,955 shares of the closed-end fund’s stock valued at $1,453,000 after acquiring an additional 107,383 shares during the period. Sax Wealth Advisors LLC bought a new stake in shares of AllianceBernstein Global High Income Fund in the 4th quarter worth about $526,000. First Bank & Trust purchased a new position in shares of AllianceBernstein Global High Income Fund during the 4th quarter worth about $131,000. Finally, Gryphon Financial Partners LLC bought a new position in AllianceBernstein Global High Income Fund during the 4th quarter valued at about $426,000.

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.