Western Asset Global High Income Fund Inc. (NYSE:EHI) Sees Significant Decline in Short Interest

Western Asset Global High Income Fund Inc. (NYSE:EHI) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 33,671 shares, a drop of 19.4% from the March 15th total of 41,796 shares. Based on an average daily volume of 100,242 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Shaker Financial Services LLC lifted its holdings in Western Asset Global High Income Fund by 33.4% during the 3rd quarter. Shaker Financial Services LLC now owns 553,533 shares of the company’s stock valued at $3,692,000 after buying an additional 138,556 shares in the last quarter. Absolute Investment Advisers LLC grew its position in Western Asset Global High Income Fund by 50.3% during the fourth quarter. Absolute Investment Advisers LLC now owns 467,620 shares of the company’s stock valued at $2,986,000 after buying an additional 156,485 shares during the period. GraniteShares Advisors LLC purchased a new position in Western Asset Global High Income Fund during the fourth quarter valued at $2,733,000. Ameriprise Financial Inc. lifted its stake in shares of Western Asset Global High Income Fund by 18.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 325,433 shares of the company’s stock valued at $2,139,000 after purchasing an additional 49,801 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Western Asset Global High Income Fund by 2.2% in the second quarter. Invesco Ltd. now owns 320,778 shares of the company’s stock valued at $2,098,000 after buying an additional 7,038 shares in the last quarter.

Western Asset Global High Income Fund Price Performance

Shares of NYSE EHI traded up $0.02 during mid-day trading on Friday, hitting $6.23. The company had a trading volume of 56,555 shares, compared to its average volume of 99,047. The stock’s 50-day moving average price is $6.23 and its 200-day moving average price is $6.34. Western Asset Global High Income Fund has a 1 year low of $5.80 and a 1 year high of $6.70.

Western Asset Global High Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%.

About Western Asset Global High Income Fund

Western Asset Global High Income Fund (NYSE: EHI) is a diversified, closed-end management investment company that seeks to provide high current income by investing primarily in a broad range of high-yield and emerging-market debt securities. The fund’s portfolio typically includes corporate and sovereign bonds, bank loans, convertible securities and other credit instruments denominated in U.S. dollars and foreign currencies. By accessing global credit markets, EHI aims to capture attractive yield opportunities across developed and developing economies.

Launched in the late 2000s, the fund employs both fundamental credit analysis and top-down macroeconomic research to construct a portfolio that balances income generation with risk management.