Western Asset Global High Income Fund Inc. (NYSE:EHI) Short Interest Up 50.7% in December

Western Asset Global High Income Fund Inc. (NYSE:EHI) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 30,784 shares, a growth of 50.7% from the December 15th total of 20,429 shares. Based on an average daily trading volume, of 252,751 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 252,751 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Western Asset Global High Income Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in Western Asset Global High Income Fund during the 2nd quarter worth approximately $53,000. Mosaic Family Wealth Partners LLC purchased a new stake in shares of Western Asset Global High Income Fund in the third quarter worth $65,000. Wolverine Asset Management LLC bought a new stake in shares of Western Asset Global High Income Fund during the 3rd quarter valued at $66,000. SeaCrest Wealth Management LLC purchased a new position in shares of Western Asset Global High Income Fund during the 4th quarter valued at $74,000. Finally, Integrity Advisory Solutions LLC purchased a new position in shares of Western Asset Global High Income Fund during the 3rd quarter valued at $83,000.

Western Asset Global High Income Fund Stock Performance

EHI remained flat at $6.44 during midday trading on Friday. 87,689 shares of the company’s stock traded hands, compared to its average volume of 86,417. The firm has a 50 day moving average of $6.37 and a 200-day moving average of $6.47. Western Asset Global High Income Fund has a 1-year low of $6.11 and a 1-year high of $6.91.

Western Asset Global High Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be issued a $0.07 dividend. The ex-dividend date is Friday, February 20th. This represents a c) annualized dividend and a yield of 13.0%.

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.