Western Asset Global High Income Fund Inc. (NYSE:EHI) Short Interest Update

Western Asset Global High Income Fund Inc. (NYSE:EHI) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 88,851 shares, an increase of 170.6% from the June 15th total of 32,838 shares. Based on an average daily volume of 116,090 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new stake in Western Asset Global High Income Fund in the 4th quarter valued at $35,000. CoreCap Advisors LLC acquired a new stake in Western Asset Global High Income Fund during the 2nd quarter valued at $48,000. Raymond James Financial Inc. bought a new position in Western Asset Global High Income Fund during the second quarter worth $53,000. Ashton Thomas Securities LLC bought a new position in Western Asset Global High Income Fund during the first quarter worth $65,000. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of Western Asset Global High Income Fund in the fourth quarter valued at $74,000.

Western Asset Global High Income Fund Trading Up 0.2%

NYSE:EHI traded up $0.01 during mid-day trading on Wednesday, hitting $5.95. The stock had a trading volume of 63,726 shares, compared to its average volume of 96,624. Western Asset Global High Income Fund has a twelve month low of $5.80 and a twelve month high of $6.70. The company’s 50 day simple moving average is $5.98 and its 200 day simple moving average is $6.18.

Western Asset Global High Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be paid a $0.07 dividend. The ex-dividend date is Monday, August 24th. This represents a c) annualized dividend and a yield of 14.1%.

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.