Short Interest in AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Decreases By 53.3%

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 43,717 shares, a decrease of 53.3% from the April 30th total of 93,615 shares. Based on an average daily volume of 792,382 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of AllianceBernstein Global High Income Fund by 6,487.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,201,054 shares of the closed-end fund’s stock valued at $12,839,000 after acquiring an additional 1,182,821 shares in the last quarter. Independent Financial Group LLC purchased a new stake in shares of AllianceBernstein Global High Income Fund during the first quarter valued at approximately $1,943,000. Invesco Ltd. lifted its stake in AllianceBernstein Global High Income Fund by 18.8% in the fourth quarter. Invesco Ltd. now owns 1,031,213 shares of the closed-end fund’s stock worth $11,024,000 after acquiring an additional 163,009 shares during the period. Absolute Investment Advisers LLC purchased a new position in AllianceBernstein Global High Income Fund during the first quarter valued at $1,460,000. Finally, Wolverine Asset Management LLC bought a new position in shares of AllianceBernstein Global High Income Fund during the fourth quarter valued at $1,510,000.

AllianceBernstein Global High Income Fund Price Performance

Shares of AllianceBernstein Global High Income Fund stock traded down $0.01 during trading on Monday, hitting $10.32. 252,902 shares of the company’s stock traded hands, compared to its average volume of 485,477. AllianceBernstein Global High Income Fund has a twelve month low of $9.85 and a twelve month high of $11.43. The firm’s fifty day moving average price is $10.26 and its 200 day moving average price is $10.48.

AllianceBernstein Global High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, June 26th. Shareholders of record on Thursday, June 4th will be paid a $0.0655 dividend. The ex-dividend date is Thursday, June 4th. This represents a c) dividend on an annualized basis and a yield of 7.6%.

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.