Western Asset Global High Income Fund (NYSE:EHI) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Western Asset Global High Income Fund Inc. (NYSE:EHI) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.00 and traded as low as $5.69. Western Asset Global High Income Fund shares last traded at $5.71, with a volume of 213,409 shares.

Western Asset Global High Income Fund Trading Up 0.2%

The stock’s fifty day simple moving average is $5.84 and its 200-day simple moving average is $6.00.

Western Asset Global High Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be paid a $0.07 dividend. This represents a c) annualized dividend and a dividend yield of 14.7%. The ex-dividend date is Friday, November 20th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameritas Advisory Services LLC purchased a new stake in Western Asset Global High Income Fund during the 2nd quarter worth about $26,000. Kestra Advisory Services LLC purchased a new position in shares of Western Asset Global High Income Fund in the 4th quarter valued at about $35,000. CoreCap Advisors LLC purchased a new position in shares of Western Asset Global High Income Fund in the 2nd quarter valued at about $48,000. Raymond James Financial Inc. purchased a new position in shares of Western Asset Global High Income Fund in the 2nd quarter valued at about $53,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Western Asset Global High Income Fund during the first quarter worth about $65,000.

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.