AllianceBernstein Global High Income Fund (NYSE:AWF) Shares Cross Below 200 Day Moving Average – Here’s Why

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.98 and traded as low as $10.51. AllianceBernstein Global High Income Fund shares last traded at $10.5350, with a volume of 686,088 shares traded.

AllianceBernstein Global High Income Fund Price Performance

The firm has a 50-day moving average of $10.71 and a 200 day moving average of $10.98.

AllianceBernstein Global High Income Fund Announces Dividend

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

Institutional Trading of AllianceBernstein Global High Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. bought a new position in shares of AllianceBernstein Global High Income Fund in the second quarter valued at approximately $32,000. Ameritas Advisory Services LLC acquired a new stake in AllianceBernstein Global High Income Fund in the second quarter worth approximately $33,000. Allworth Financial LP acquired a new stake in AllianceBernstein Global High Income Fund in the second quarter worth approximately $44,000. Advisory Services Network LLC bought a new position in AllianceBernstein Global High Income Fund during the 3rd quarter valued at $47,000. Finally, Strategic Advocates LLC acquired a new position in shares of AllianceBernstein Global High Income Fund during the 3rd quarter valued at $59,000.

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.