Western Asset Global High Income Fund (NYSE:EHI) Trading Up 0.1% – Here’s Why

Western Asset Global High Income Fund Inc. (NYSE:EHI) rose 0.1% during trading on Monday . The company traded as high as $5.96 and last traded at $5.9250. Approximately 76,454 shares traded hands during trading, a decline of 21% from the average daily volume of 96,576 shares. The stock had previously closed at $5.92.

Western Asset Global High Income Fund Trading Up 0.1%

The company’s 50-day moving average is $6.04 and its two-hundred day moving average is $6.25.

Western Asset Global High Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a $0.07 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a yield of 14.2%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GraniteShares Advisors LLC bought a new stake in shares of Western Asset Global High Income Fund in the 4th quarter worth approximately $2,733,000. Absolute Investment Advisers LLC lifted its stake in Western Asset Global High Income Fund by 50.3% in the fourth quarter. Absolute Investment Advisers LLC now owns 467,620 shares of the company’s stock valued at $2,986,000 after purchasing an additional 156,485 shares during the last quarter. Integrity Advisory Solutions LLC bought a new position in Western Asset Global High Income Fund during the third quarter valued at $83,000. Mosaic Family Wealth Partners LLC bought a new position in Western Asset Global High Income Fund during the third quarter valued at $65,000. Finally, Raymond James Financial Inc. increased its position in Western Asset Global High Income Fund by 69.7% in the third quarter. Raymond James Financial Inc. now owns 13,763 shares of the company’s stock worth $91,000 after buying an additional 5,651 shares during the last quarter.

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.