Western Asset Global High Income Fund Inc. (NYSE:EHI) Short Interest Down 44.7% in January

Western Asset Global High Income Fund Inc. (NYSE:EHI) was the recipient of a significant decline in short interest in January. As of January 30th, there was short interest totaling 39,025 shares, a decline of 44.7% from the January 15th total of 70,550 shares. Based on an average daily volume of 163,656 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 163,656 shares, the days-to-cover ratio is currently 0.2 days.

Western Asset Global High Income Fund Trading Up 0.1%

EHI traded up $0.01 on Friday, hitting $6.54. 38,288 shares of the company’s stock were exchanged, compared to its average volume of 115,000. Western Asset Global High Income Fund has a fifty-two week low of $6.11 and a fifty-two week high of $6.84. The firm has a 50-day moving average price of $6.40 and a 200-day moving average price of $6.46.

Western Asset Global High Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 12.9%.

Institutional Trading of Western Asset Global High Income Fund

A number of hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC purchased a new position in Western Asset Global High Income Fund in the 4th quarter worth approximately $35,000. Quarry LP lifted its position in Western Asset Global High Income Fund by 49.4% during the fourth quarter. Quarry LP now owns 187,883 shares of the company’s stock worth $1,204,000 after buying an additional 62,127 shares in the last quarter. Wells Fargo & Company MN lifted its position in Western Asset Global High Income Fund by 11.9% during the fourth quarter. Wells Fargo & Company MN now owns 31,991 shares of the company’s stock worth $205,000 after buying an additional 3,409 shares in the last quarter. Jane Street Group LLC acquired a new position in Western Asset Global High Income Fund during the fourth quarter worth $119,000. Finally, HRT Financial LP purchased a new stake in Western Asset Global High Income Fund in the 4th quarter valued at $122,000.

Western Asset Global High Income Fund Company Profile

Western Asset Global High Income Fund (NYSE: EHI) is a diversified, closed-end management investment company that seeks to provide high current income by investing primarily in a broad range of high-yield and emerging-market debt securities. The fund’s portfolio typically includes corporate and sovereign bonds, bank loans, convertible securities and other credit instruments denominated in U.S. dollars and foreign currencies. By accessing global credit markets, EHI aims to capture attractive yield opportunities across developed and developing economies.

Launched in the late 2000s, the fund employs both fundamental credit analysis and top-down macroeconomic research to construct a portfolio that balances income generation with risk management.