Short Interest in AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Grows By 105.2%

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 89,686 shares, a growth of 105.2% from the May 14th total of 43,717 shares. Based on an average daily volume of 387,139 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

AllianceBernstein Global High Income Fund Stock Down 0.1%

Shares of AWF traded down $0.02 during midday trading on Friday, hitting $10.15. 217,896 shares of the company traded hands, compared to its average volume of 343,182. The firm has a 50 day moving average of $10.28 and a 200-day moving average of $10.45. AllianceBernstein Global High Income Fund has a 52 week low of $9.85 and a 52 week high of $11.43.

AllianceBernstein Global High Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 4th will be given a dividend of $0.0655 per share. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Thursday, June 4th.

Institutional Trading of AllianceBernstein Global High Income Fund

Hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp purchased a new stake in shares of AllianceBernstein Global High Income Fund during the 1st quarter valued at about $25,000. CWM LLC raised its position in shares of AllianceBernstein Global High Income Fund by 64.3% during the 4th quarter. CWM LLC now owns 4,429 shares of the closed-end fund’s stock valued at $47,000 after buying an additional 1,733 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of AllianceBernstein Global High Income Fund during the 3rd quarter valued at about $47,000. Strategic Advocates LLC purchased a new stake in shares of AllianceBernstein Global High Income Fund during the 3rd quarter valued at about $59,000. Finally, MAI Capital Management raised its position in shares of AllianceBernstein Global High Income Fund by 370.0% during the 3rd quarter. MAI Capital Management now owns 7,567 shares of the closed-end fund’s stock valued at $85,000 after buying an additional 5,957 shares in the last quarter.

AllianceBernstein Global High Income Fund Company Profile

AllianceBernstein Global High Income Fund (NYSE: AWF) is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital growth. The fund is traded on the New York Stock Exchange and offers investors access to a diversified portfolio of global fixed-income securities designed to capitalize on opportunities in the high-yield credit market.

The fund primarily invests in a broad array of debt instruments, including corporate high-yield bonds, sovereign and quasi-sovereign debt, collateralized loan obligations, convertible securities, and other income-oriented instruments.