AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Short Interest Up 105.2% in May

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 89,686 shares, a growth of 105.2% from the May 14th total of 43,717 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 387,139 shares, the short-interest ratio is presently 0.2 days.

AllianceBernstein Global High Income Fund Stock Down 0.1%

NYSE:AWF traded down $0.02 during mid-day trading on Friday, reaching $10.15. The stock had a trading volume of 217,896 shares, compared to its average volume of 331,515. AllianceBernstein Global High Income Fund has a 1-year low of $9.85 and a 1-year high of $11.43. The stock’s 50 day simple moving average is $10.28 and its two-hundred day simple moving average is $10.45.

AllianceBernstein Global High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, June 26th. Investors of record on Thursday, June 4th will be paid a $0.0655 dividend. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Thursday, June 4th.

Hedge Funds Weigh In On AllianceBernstein Global High Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Anchor Capital Management Group Inc acquired a new position in AllianceBernstein Global High Income Fund in the first quarter valued at approximately $814,000. Readystate Asset Management LP boosted its stake in AllianceBernstein Global High Income Fund by 34.1% in the first quarter. Readystate Asset Management LP now owns 143,474 shares of the closed-end fund’s stock valued at $1,459,000 after acquiring an additional 36,501 shares during the period. Rivernorth Capital Management LLC acquired a new position in AllianceBernstein Global High Income Fund in the first quarter valued at approximately $885,000. Royal Bank of Canada boosted its stake in AllianceBernstein Global High Income Fund by 0.9% in the first quarter. Royal Bank of Canada now owns 1,251,424 shares of the closed-end fund’s stock valued at $12,727,000 after acquiring an additional 11,182 shares during the period. Finally, Independent Financial Group LLC acquired a new position in AllianceBernstein Global High Income Fund in the first quarter valued at approximately $1,943,000.

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.