Western Asset Global High Income Fund Inc. (NYSE:EHI) Shares Shorted: Short Interest Down 39.2% in October

Western Asset Global High Income Fund Inc. (NYSE:EHI) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 50,962 shares, a drop of 39.2% from the September 30th total of 83,765 shares. Based on an average trading volume of 124,843 shares, the days-to-cover ratio is presently 0.4 days.

Western Asset Global High Income Fund Stock Performance

Shares of Western Asset Global High Income Fund stock traded up $0.01 on Monday, hitting $5.38. 228,213 shares of the company traded hands, compared to its average volume of 113,309. The stock’s 50 day moving average price is $5.49 and its 200-day moving average price is $5.95. Western Asset Global High Income Fund has a 52 week low of $5.20 and a 52 week high of $6.55.

Western Asset Global High Income Fund Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 15.6%. The ex-dividend date is Friday, November 20th.

Institutional Investors Weigh In On Western Asset Global High Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of EHI. Ameritas Advisory Services LLC bought a new position in shares of Western Asset Global High Income Fund during the 2nd quarter worth $26,000. GraniteShares Advisors LLC grew its holdings in Western Asset Global High Income Fund by 1.6% during the 3rd quarter. GraniteShares Advisors LLC now owns 447,113 shares of the company’s stock worth $2,437,000 after acquiring an additional 6,915 shares in the last quarter. Total Wealth Planning & Management Inc. grew its holdings in Western Asset Global High Income Fund by 13.0% during the 3rd quarter. Total Wealth Planning & Management Inc. now owns 65,973 shares of the company’s stock worth $360,000 after acquiring an additional 7,576 shares in the last quarter. CoreCap Advisors LLC bought a new position in Western Asset Global High Income Fund during the 2nd quarter worth about $48,000. Finally, Ashton Thomas Securities LLC purchased a new position in Western Asset Global High Income Fund during the 1st quarter valued at about $65,000.

About Western Asset Global High Income Fund

Western Asset Global High Income Fund Inc (NYSE: EHI) is a closed-end investment company that seeks to provide investors with a high level of current income, while also pursuing opportunities for capital appreciation. The fund invests in a globally diversified portfolio of fixed-income securities and other income-producing instruments.

Its holdings may include below-investment-grade corporate bonds, sovereign and government-related debt, emerging-market securities, bank loans and other credit instruments.