AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Sees Large Decrease in Short Interest

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 45,243 shares, a decline of 42.6% from the July 30th total of 78,797 shares. Based on an average daily volume of 300,651 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Insider Transactions at AllianceBernstein Global High Income Fund

In related news, Director Emilie D. Wrapp purchased 3,432 shares of the company’s stock in a transaction that occurred on Tuesday, July 21st. The stock was purchased at an average price of $10.19 per share, with a total value of $34,972.08. Following the completion of the transaction, the director owned 5,825 shares of the company’s stock, valued at approximately $59,356.75. This trade represents a 143.42% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On AllianceBernstein Global High Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new position in shares of AllianceBernstein Global High Income Fund in the 1st quarter valued at about $25,000. CWM LLC increased its position in 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 worth $47,000 after purchasing an additional 1,733 shares in the last quarter. Advisory Services Network LLC purchased a new position in AllianceBernstein Global High Income Fund in the third quarter valued at approximately $47,000. Kestra Private Wealth Services LLC purchased a new position in AllianceBernstein Global High Income Fund in the third quarter valued at approximately $113,000. Finally, Citadel Advisors LLC acquired a new position in AllianceBernstein Global High Income Fund during the third quarter valued at approximately $165,000.

AllianceBernstein Global High Income Fund Stock Down 0.3%

Shares of NYSE AWF traded down $0.03 during trading on Monday, hitting $10.13. 166,997 shares of the company traded hands, compared to its average volume of 356,116. AllianceBernstein Global High Income Fund has a 1 year low of $9.85 and a 1 year high of $11.43. The company has a 50-day moving average price of $10.16 and a 200-day moving average price of $10.24.

AllianceBernstein Global High Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, September 18th. Investors of record on Thursday, September 3rd will be issued a $0.0655 dividend. The ex-dividend date is Thursday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 7.8%.

About AllianceBernstein Global High Income Fund

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.