Western Asset Global High Income Fund Inc. (NYSE:EHI) Short Interest Up 129.2% in January

Western Asset Global High Income Fund Inc. (NYSE:EHI) saw 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 daily volume of 86,343 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 86,343 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On Western Asset Global High Income Fund

A number of large investors have recently bought and sold shares of EHI. Ameriprise Financial Inc. increased its holdings in shares of Western Asset Global High Income Fund by 0.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 275,632 shares of the company’s stock worth $1,803,000 after buying an additional 1,549 shares during the last quarter. Merit Financial Group LLC increased its stake in Western Asset Global High Income Fund by 16.2% during the fourth quarter. Merit Financial Group LLC now owns 12,239 shares of the company’s stock worth $78,000 after acquiring an additional 1,707 shares during the last quarter. Bank of America Corp DE increased its stake in Western Asset Global High Income Fund by 12.4% during the third quarter. Bank of America Corp DE now owns 19,421 shares of the company’s stock worth $128,000 after acquiring an additional 2,140 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Western Asset Global High Income Fund by 3.1% in the 3rd quarter. NewEdge Advisors LLC now owns 87,259 shares of the company’s stock worth $576,000 after purchasing an additional 2,642 shares during the period. Finally, Total Wealth Planning & Management Inc. lifted its stake in shares of Western Asset Global High Income Fund by 10.4% in the 2nd quarter. Total Wealth Planning & Management Inc. now owns 43,980 shares of the company’s stock valued at $288,000 after purchasing an additional 4,155 shares in the last quarter.

Western Asset Global High Income Fund Stock Up 0.8%

NYSE:EHI traded up $0.05 during mid-day trading on Thursday, reaching $6.44. The company’s stock had a trading volume of 108,004 shares, compared to its average volume of 121,658. The company’s fifty day simple moving average is $6.37 and its two-hundred day simple moving average is $6.47. 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 Dividend Announcement

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. This represents a c) dividend on an annualized basis and a yield of 13.0%. The ex-dividend date is Friday, February 20th.

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.