Short Interest in Western Asset Global High Income Fund Inc. (NYSE:EHI) Drops By 57.2%

Western Asset Global High Income Fund Inc. (NYSE:EHI) saw a large decrease in short interest in December. As of December 15th, there was short interest totaling 20,429 shares, a decrease of 57.2% from the November 30th total of 47,760 shares. Based on an average daily volume of 141,552 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 141,552 shares, the days-to-cover ratio is currently 0.1 days.

Western Asset Global High Income Fund Stock Up 0.5%

EHI stock opened at $6.37 on Friday. Western Asset Global High Income Fund has a 52 week low of $6.11 and a 52 week high of $6.91. The business has a 50-day simple moving average of $6.35 and a 200 day simple moving average of $6.48.

Western Asset Global High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be issued a dividend of $0.07 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date of this dividend is Friday, February 20th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Absolute Investment Advisers LLC lifted its stake in Western Asset Global High Income Fund by 8.5% during the second quarter. Absolute Investment Advisers LLC now owns 870,040 shares of the company’s stock worth $5,690,000 after purchasing an additional 67,862 shares during the last quarter. Guggenheim Capital LLC raised its holdings in shares of Western Asset Global High Income Fund by 21.5% during the 2nd quarter. Guggenheim Capital LLC now owns 668,502 shares of the company’s stock worth $4,372,000 after buying an additional 118,129 shares in the last quarter. Shaker Financial Services LLC lifted its position in shares of 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 worth $3,692,000 after buying an additional 138,556 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Western Asset Global High Income Fund by 18.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 325,433 shares of the company’s stock worth $2,139,000 after buying an additional 49,801 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in 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.

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.