Western Asset Global High Income Fund Inc. (NYSE:EHI) Short Interest Down 37.7% in April

Western Asset Global High Income Fund Inc. (NYSE:EHI) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 22,112 shares, a decline of 37.7% from the April 15th total of 35,475 shares. Based on an average daily volume of 90,899 shares, the days-to-cover ratio is currently 0.2 days.

Western Asset Global High Income Fund Stock Performance

NYSE EHI traded down $0.06 on Friday, hitting $6.00. 57,702 shares of the stock were exchanged, compared to its average volume of 96,286. The business’s fifty day moving average is $6.11 and its 200 day moving average is $6.29. Western Asset Global High Income Fund has a 52 week low of $5.80 and a 52 week high of $6.70.

Western Asset Global High Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a dividend of $0.07 per share. This represents a c) dividend on an annualized basis and a yield of 14.0%. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EHI. Kestra Advisory Services LLC acquired a new stake in Western Asset Global High Income Fund in the fourth quarter valued at approximately $35,000. Raymond James Financial Inc. bought a new stake in Western Asset Global High Income Fund in the second quarter valued at approximately $53,000. Mosaic Family Wealth Partners LLC acquired a new stake in shares of Western Asset Global High Income Fund during the third quarter worth $65,000. Wolverine Asset Management LLC bought a new position in shares of Western Asset Global High Income Fund in the 3rd quarter worth about $66,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Western Asset Global High Income Fund during the 1st quarter valued at $72,000.

Western Asset Global High Income Fund Company Profile

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.