Western Asset Global High Income Fund Inc. (NYSE:EHI) Stock Short Interest Rises 281.3%

Western Asset Global High Income Fund Inc. (NYSE:EHI) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 83,765 shares, an increase of 281.3% from the September 15th total of 21,966 shares. Based on an average daily volume of 143,184 shares, the short-interest ratio is currently 0.6 days.

Western Asset Global High Income Fund Stock Performance

Shares of EHI stock traded up $0.01 on Friday, reaching $5.37. 112,120 shares of the stock were exchanged, compared to its average volume of 110,319. The business’s 50 day moving average price is $5.64 and its 200 day moving average price is $5.87. Western Asset Global High Income Fund has a twelve month low of $5.32 and a twelve month high of $6.55.

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 issued a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a yield of 15.7%. The ex-dividend date of this dividend is Friday, November 20th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EHI. Readystate Asset Management LP acquired a new position in shares of Western Asset Global High Income Fund in the 2nd quarter valued at $315,000. World Investment Advisors purchased a new position in shares of Western Asset Global High Income Fund in the 4th quarter valued at $187,000. Bank of America Corp DE purchased a new position in shares of Western Asset Global High Income Fund in the 2nd quarter valued at $77,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Western Asset Global High Income Fund in the 1st quarter valued at $72,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Western Asset Global High Income Fund during the 1st quarter worth $65,000.

Western Asset Global High Income Fund Company Profile

Western Asset Global High Income Fund (NYSE: EHI) is a closed-end investment company managed by Western Asset Management Company. The fund seeks to provide investors with high current income and, secondarily, capital appreciation by investing primarily in global fixed-income securities.

The fund invests across international markets and may hold high-yield corporate bonds, emerging-market debt, sovereign and government-related securities, bank loans, and other income-producing debt instruments.