Short Interest in Western Asset Global High Income Fund Inc. (NYSE:EHI) Drops By 37.7%

Western Asset Global High Income Fund Inc. (NYSE:EHI) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 22,112 shares, a drop of 37.7% from the April 15th total of 35,475 shares. Based on an average daily volume of 90,899 shares, the short-interest ratio is currently 0.2 days.

Western Asset Global High Income Fund Trading Down 0.7%

EHI stock traded down $0.04 during trading on Tuesday, hitting $5.94. 44,705 shares of the stock traded hands, compared to its average volume of 95,313. Western Asset Global High Income Fund has a one year low of $5.80 and a one year high of $6.70. The company has a 50 day simple moving average of $6.10 and a 200 day simple moving average of $6.29.

Western Asset Global High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a dividend of $0.07 per share. This represents a c) annualized dividend and a yield of 14.1%. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Investors Weigh In On Western Asset Global High Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GraniteShares Advisors LLC acquired a new stake in Western Asset Global High Income Fund in the 4th quarter valued at about $2,733,000. Absolute Investment Advisers LLC increased its position in Western Asset Global High Income Fund by 50.3% in the 4th quarter. Absolute Investment Advisers LLC now owns 467,620 shares of the company’s stock valued at $2,986,000 after acquiring an additional 156,485 shares in the last quarter. Wolverine Asset Management LLC increased its position in Western Asset Global High Income Fund by 26.8% in the 4th quarter. Wolverine Asset Management LLC now owns 12,687 shares of the company’s stock valued at $81,000 after acquiring an additional 2,680 shares in the last quarter. Eclectic Associates Inc. ADV acquired a new stake in Western Asset Global High Income Fund in the 4th quarter valued at about $94,000. Finally, Merit Financial Group LLC increased its position in Western Asset Global High Income Fund by 16.2% in the 4th quarter. Merit Financial Group LLC now owns 12,239 shares of the company’s stock valued at $78,000 after acquiring an additional 1,707 shares in the last quarter.

About Western Asset Global High Income Fund

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.