Western Asset Global High Income Fund Inc. (NYSE:EHI) Short Interest Update

Western Asset Global High Income Fund Inc. (NYSE:EHI) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 75,500 shares, a growth of 170.6% from the August 31st total of 27,900 shares. Based on an average daily volume of 83,700 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 83,700 shares, the days-to-cover ratio is currently 0.9 days.

Western Asset Global High Income Fund Stock Performance

Shares of NYSE:EHI opened at $6.54 on Friday. The business has a fifty day moving average price of $6.59 and a two-hundred day moving average price of $6.50. Western Asset Global High Income Fund has a 1 year low of $6.11 and a 1 year high of $6.98.

Western Asset Global High Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 24th will be paid a $0.07 dividend. This represents a c) dividend on an annualized basis and a yield of 12.9%. The ex-dividend date is Friday, October 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Elequin Capital LP purchased a new position in Western Asset Global High Income Fund in the first quarter valued at about $50,000. Shaker Financial Services LLC boosted its stake in Western Asset Global High Income Fund by 1,138.7% in the first quarter. Shaker Financial Services LLC now owns 256,935 shares of the company’s stock valued at $1,711,000 after acquiring an additional 236,193 shares during the last quarter. Absolute Investment Advisers LLC boosted its stake in Western Asset Global High Income Fund by 8.5% in the second quarter. Absolute Investment Advisers LLC now owns 870,040 shares of the company’s stock valued at $5,690,000 after acquiring an additional 67,862 shares during the last quarter. Total Wealth Planning & Management Inc. boosted its stake in Western Asset Global High Income Fund by 210.5% in the first quarter. Total Wealth Planning & Management Inc. now owns 39,825 shares of the company’s stock valued at $263,000 after acquiring an additional 26,998 shares during the last quarter. Finally, J.W. Cole Advisors Inc. boosted its stake in Western Asset Global High Income Fund by 33.8% in the first quarter. J.W. Cole Advisors Inc. now owns 230,998 shares of the company’s stock valued at $1,527,000 after acquiring an additional 58,390 shares during the last quarter.

About Western Asset Global High Income Fund

Western Asset Global High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe.