AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Sees Large Growth in Short Interest

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 54,792 shares, a growth of 42.6% from the February 26th total of 38,425 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 421,277 shares, the short-interest ratio is presently 0.1 days.

AllianceBernstein Global High Income Fund Stock Down 0.5%

AllianceBernstein Global High Income Fund stock traded down $0.05 during trading hours on Monday, hitting $9.89. The company had a trading volume of 450,269 shares, compared to its average volume of 345,199. AllianceBernstein Global High Income Fund has a one year low of $9.30 and a one year high of $11.43. The firm has a 50-day moving average of $10.43 and a 200 day moving average of $10.73.

AllianceBernstein Global High Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 2nd will be given a $0.0655 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a c) annualized dividend and a dividend yield of 8.0%.

Institutional Trading of AllianceBernstein Global High Income Fund

Several hedge funds have recently added to or reduced their stakes in AWF. Newbridge Financial Services Group Inc. acquired a new stake in shares of AllianceBernstein Global High Income Fund during the second quarter worth $32,000. CWM LLC grew its stake in shares of AllianceBernstein Global High Income Fund by 64.3% in the fourth quarter. CWM LLC now owns 4,429 shares of the closed-end fund’s stock valued at $47,000 after acquiring an additional 1,733 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of AllianceBernstein Global High Income Fund in the third quarter valued at about $47,000. Strategic Advocates LLC bought a new position in AllianceBernstein Global High Income Fund during the third quarter worth about $59,000. Finally, MAI Capital Management increased its position in AllianceBernstein Global High Income Fund by 370.0% during the third quarter. MAI Capital Management now owns 7,567 shares of the closed-end fund’s stock worth $85,000 after acquiring an additional 5,957 shares during the period.

AllianceBernstein Global High Income Fund Company Profile

AllianceBernstein Global High Income Fund (NYSE: AWF) is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital growth. The fund is traded on the New York Stock Exchange and offers investors access to a diversified portfolio of global fixed-income securities designed to capitalize on opportunities in the high-yield credit market.

The fund primarily invests in a broad array of debt instruments, including corporate high-yield bonds, sovereign and quasi-sovereign debt, collateralized loan obligations, convertible securities, and other income-oriented instruments.