Short Interest in Western Asset Global High Income Fund Inc. (NYSE:EHI) Drops By 38.6%

Western Asset Global High Income Fund Inc. (NYSE:EHI) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 54,542 shares, a decrease of 38.6% from the June 30th total of 88,851 shares. Based on an average daily trading volume, of 95,607 shares, the days-to-cover ratio is presently 0.6 days.

Western Asset Global High Income Fund Price Performance

Western Asset Global High Income Fund stock traded up $0.01 during trading hours on Friday, reaching $5.78. The stock had a trading volume of 130,988 shares, compared to its average volume of 95,300. The company has a fifty day simple moving average of $5.93 and a 200-day simple moving average of $6.13. Western Asset Global High Income Fund has a 52 week low of $5.75 and a 52 week high of $6.70.

Western Asset Global High Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 14.5%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new stake in shares of Western Asset Global High Income Fund in the 4th quarter worth approximately $35,000. CoreCap Advisors LLC purchased a new stake in Western Asset Global High Income Fund in the second quarter worth $48,000. Raymond James Financial Inc. bought a new stake in Western Asset Global High Income Fund in the second quarter valued at $53,000. Ashton Thomas Securities LLC purchased a new position in Western Asset Global High Income Fund during the 1st quarter valued at $65,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Western Asset Global High Income Fund during the 1st quarter valued at $72,000.

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.