AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Stock Short Interest Falls 84.8%

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) saw a significant drop in short interest in October. As of October 30th, there was short interest totaling 24,441 shares, a drop of 84.8% from the October 15th total of 160,699 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 438,838 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On AllianceBernstein Global High Income Fund

A number of large investors have recently made changes to their positions in the company. Bank of America Corp DE bought a new position in AllianceBernstein Global High Income Fund in the second quarter valued at approximately $6,094,000. Landscape Capital Management L.L.C. acquired a new stake in shares of AllianceBernstein Global High Income Fund during the second quarter valued at about $2,400,000. Independent Financial Group LLC acquired a new stake in AllianceBernstein Global High Income Fund during the 1st quarter worth approximately $1,943,000. Maridea Wealth Management LLC bought a new stake in shares of AllianceBernstein Global High Income Fund in the second quarter worth $633,000. Finally, Anchor Capital Management Group Inc bought a new position in shares of AllianceBernstein Global High Income Fund during the first quarter worth about $814,000.

AllianceBernstein Global High Income Fund Stock Up 0.6%

Shares of AWF stock traded up $0.06 during trading hours on Friday, hitting $9.59. 396,169 shares of the company were exchanged, compared to its average volume of 360,796. The business has a 50 day moving average of $9.71 and a two-hundred day moving average of $10.13. AllianceBernstein Global High Income Fund has a 52 week low of $9.41 and a 52 week high of $10.87.

AllianceBernstein Global High Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 20th. Stockholders of record on Thursday, November 5th will be given a $0.0655 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend is Thursday, November 5th.

AllianceBernstein Global High Income Fund Company Profile

AllianceBernstein Global High Income Fund is a closed-end investment fund that seeks to provide high current income, with capital appreciation as a secondary objective. It invests primarily in debt securities issued by companies and governments around the world. The fund’s portfolio may include below-investment-grade corporate bonds and sovereign debt, including securities from emerging markets. Its global approach gives investors exposure to income-producing fixed-income markets across multiple regions.