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

AllianceBernstein Global High Income Fund (NYSE:AWF) was the target of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 70,100 shares, a decline of 32.9% from the January 31st total of 104,500 shares. Based on an average daily trading volume, of 238,000 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Invesco Ltd. grew its stake in shares of AllianceBernstein Global High Income Fund by 6.3% in the fourth quarter. Invesco Ltd. now owns 863,794 shares of the closed-end fund’s stock worth $9,269,000 after acquiring an additional 50,936 shares during the period. Raymond James Financial Inc. bought a new stake in shares of AllianceBernstein Global High Income Fund in the fourth quarter worth approximately $3,832,000. Uncommon Cents Investing LLC grew its stake in shares of AllianceBernstein Global High Income Fund by 2.0% in the fourth quarter. Uncommon Cents Investing LLC now owns 308,820 shares of the closed-end fund’s stock worth $3,314,000 after acquiring an additional 5,975 shares during the period. Tidal Investments LLC grew its stake in shares of AllianceBernstein Global High Income Fund by 2.3% in the fourth quarter. Tidal Investments LLC now owns 110,339 shares of the closed-end fund’s stock worth $1,177,000 after acquiring an additional 2,478 shares during the period. Finally, Prevail Innovative Wealth Advisors LLC grew its stake in shares of AllianceBernstein Global High Income Fund by 161.5% in the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 102,626 shares of the closed-end fund’s stock worth $1,101,000 after acquiring an additional 63,375 shares during the period.

AllianceBernstein Global High Income Fund Stock Down 0.3 %

AllianceBernstein Global High Income Fund stock traded down $0.04 during trading hours on Tuesday, hitting $11.04. The stock had a trading volume of 210,471 shares, compared to its average volume of 218,829. AllianceBernstein Global High Income Fund has a 12-month low of $9.97 and a 12-month high of $11.36. The stock’s 50-day moving average price is $10.84 and its 200-day moving average price is $10.95.

AllianceBernstein Global High Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, March 21st. Shareholders of record on Thursday, March 6th will be issued a $0.0655 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.79 annualized dividend and a yield of 7.12%.

AllianceBernstein Global High Income Fund Company Profile

AllianceBernstein Global High Income Fund is a close-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. It invests in fixed income markets across the globe. The fund primarily invests in lower-rated corporate debt securities and government bonds. It employs a combination of fundamental and quantitative analysis to create its portfolio.