Western Asset Global High Income Fund (NYSE:EHI) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Western Asset Global High Income Fund Inc. (NYSE:EHI) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $6.14 and traded as low as $6.11. Western Asset Global High Income Fund shares last traded at $6.1160, with a volume of 143,832 shares changing hands.

Western Asset Global High Income Fund Stock Performance

The business has a 50 day simple moving average of $6.14 and a 200-day simple moving average of $6.31.

Western Asset Global High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.07 per share. This represents a c) dividend on an annualized basis and a yield of 13.7%. The ex-dividend date of this dividend is Thursday, May 21st.

Hedge Funds Weigh In On Western Asset Global High Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EHI. Invesco Ltd. boosted its stake in Western Asset Global High Income Fund by 2.2% during the 2nd quarter. Invesco Ltd. now owns 320,778 shares of the company’s stock valued at $2,098,000 after purchasing an additional 7,038 shares in the last quarter. Raymond James Financial Inc. bought a new position in Western Asset Global High Income Fund during the 2nd quarter valued at $53,000. Ameriprise Financial Inc. boosted its stake in Western Asset Global High Income Fund by 0.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 275,632 shares of the company’s stock valued at $1,803,000 after purchasing an additional 1,549 shares in the last quarter. Corient Private Wealth LLC acquired a new stake in shares of Western Asset Global High Income Fund during the 2nd quarter valued at $644,000. Finally, Osaic Holdings Inc. lifted its position in shares of Western Asset Global High Income Fund by 28.0% during the 2nd quarter. Osaic Holdings Inc. now owns 103,019 shares of the company’s stock valued at $674,000 after acquiring an additional 22,524 shares during 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.