Western Asset Global High Income Fund Inc. (NYSE:EHI) Shares Shorted: Short Interest Up 281.3% in September

Western Asset Global High Income Fund Inc. (NYSE:EHI) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 83,765 shares, an increase of 281.3% from the September 15th total of 21,966 shares. Based on an average daily volume of 143,184 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EHI. Readystate Asset Management LP bought a new position in shares of Western Asset Global High Income Fund in the second quarter worth about $315,000. Ameritas Advisory Services LLC acquired a new position in shares of Western Asset Global High Income Fund during the 2nd quarter worth about $26,000. Bank of America Corp DE acquired a new position in shares of Western Asset Global High Income Fund during the 2nd quarter worth about $77,000. CoreCap Advisors LLC bought a new stake in Western Asset Global High Income Fund during the 2nd quarter valued at approximately $48,000. Finally, Ashton Thomas Securities LLC bought a new stake in Western Asset Global High Income Fund during the 1st quarter valued at approximately $65,000.

Western Asset Global High Income Fund Stock Performance

Shares of Western Asset Global High Income Fund stock opened at $5.39 on Tuesday. The firm has a fifty day simple moving average of $5.64 and a 200-day simple moving average of $5.86. Western Asset Global High Income Fund has a 1-year low of $5.32 and a 1-year high of $6.55.

Western Asset Global High Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be issued a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 15.6%. The ex-dividend date is Friday, November 20th.

About Western Asset Global High Income Fund

Western Asset Global High Income Fund Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol EHI. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing primarily in fixed-income securities issued by companies and governments around the world.

The fund’s portfolio may include below-investment-grade corporate bonds, emerging-market debt, sovereign and government-related securities, bank loans, and other income-producing instruments.