AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Short Interest Update

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 173,554 shares, an increase of 110.7% from the August 31st total of 82,389 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 249,978 shares, the days-to-cover ratio is presently 0.7 days.

AllianceBernstein Global High Income Fund Stock Performance

Shares of NYSE AWF opened at $9.72 on Wednesday. The stock’s fifty day simple moving average is $10.05 and its 200 day simple moving average is $10.16. AllianceBernstein Global High Income Fund has a 52-week low of $9.70 and a 52-week high of $11.23.

AllianceBernstein Global High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 1st will be given a $0.0655 dividend. The ex-dividend date is Thursday, October 1st. This represents a $0.79 dividend on an annualized basis and a dividend yield of 8.1%.

Insider Activity

In related news, Director Emilie Wrapp purchased 3,432 shares of the company’s stock in a transaction on Tuesday, July 21st. The shares were bought at an average price of $10.19 per share, with a total value of $34,972.08. Following the completion of the acquisition, the director owned 5,825 shares of the company’s stock, valued at approximately $59,356.75. This represents a 143.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of AllianceBernstein Global High Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in shares of AllianceBernstein Global High Income Fund by 0.9% in the first quarter. Royal Bank of Canada now owns 1,251,424 shares of the closed-end fund’s stock worth $12,727,000 after buying an additional 11,182 shares during the period. Bank of America Corp DE purchased a new stake in shares of AllianceBernstein Global High Income Fund in the 2nd quarter valued at approximately $6,094,000. Landscape Capital Management L.L.C. purchased a new stake in shares of AllianceBernstein Global High Income Fund in the 2nd quarter valued at approximately $2,400,000. Hennion & Walsh Asset Management Inc. boosted its stake in AllianceBernstein Global High Income Fund by 4.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 210,755 shares of the closed-end fund’s stock worth $2,171,000 after purchasing an additional 9,074 shares during the period. Finally, Fiera Capital Corp boosted its stake in AllianceBernstein Global High Income Fund by 12.9% in the 4th quarter. Fiera Capital Corp now owns 196,885 shares of the closed-end fund’s stock worth $2,105,000 after purchasing an additional 22,501 shares during the period.

AllianceBernstein Global High Income Fund Company Profile

AllianceBernstein Global High Income Fund, Inc (NYSE: AWF) is a closed-end investment company managed by AllianceBernstein L.P. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing in a diversified portfolio of global fixed-income securities.

The fund primarily invests in below-investment-grade, or high-yield, debt issued by corporations and governments. Its portfolio may include bonds and other debt securities from developed and emerging markets, allowing the fund to pursue income opportunities across multiple regions, industries and currencies while maintaining a global investment mandate.

AllianceBernstein L.P., an investment-management firm and subsidiary of Equitable Holdings, provides the fund’s portfolio management and research capabilities.