Western Asset Global High Income Fund Inc. (NYSE:EHI) Sees Significant Increase in Short Interest

Western Asset Global High Income Fund Inc. (NYSE:EHI) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 70,550 shares, an increase of 129.2% from the December 31st total of 30,784 shares. Based on an average trading volume of 86,343 shares, the days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 86,343 shares, the days-to-cover ratio is presently 0.8 days.

Western Asset Global High Income Fund Price Performance

NYSE EHI traded down $0.04 on Friday, reaching $6.43. The company’s stock had a trading volume of 187,295 shares, compared to its average volume of 124,940. The firm’s 50 day moving average is $6.38 and its two-hundred day moving average is $6.46. Western Asset Global High Income Fund has a twelve month low of $6.11 and a twelve month high of $6.89.

Western Asset Global High Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be paid a $0.07 dividend. The ex-dividend date is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 13.1%.

Institutional Trading of Western Asset Global High Income Fund

Several hedge funds have recently modified their holdings of EHI. Guggenheim Capital LLC raised its stake in shares of Western Asset Global High Income Fund by 21.5% during the second 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 during the last quarter. Shaker Financial Services LLC increased its holdings in shares of Western Asset Global High Income Fund by 33.4% in the third quarter. Shaker Financial Services LLC now owns 553,533 shares of the company’s stock valued at $3,692,000 after purchasing an additional 138,556 shares during the last quarter. Absolute Investment Advisers LLC grew its holdings in Western Asset Global High Income Fund by 50.3% in the 4th quarter. Absolute Investment Advisers LLC now owns 467,620 shares of the company’s stock valued at $2,986,000 after buying an additional 156,485 shares in the last quarter. GraniteShares Advisors LLC acquired a new stake in shares of Western Asset Global High Income Fund during the 4th quarter worth $2,733,000. Finally, Ameriprise Financial Inc. boosted its stake in Western Asset Global High Income Fund by 18.1% in the third quarter. Ameriprise Financial Inc. now owns 325,433 shares of the company’s stock valued at $2,139,000 after buying an additional 49,801 shares in the last quarter.

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.