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

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 30,335 shares, a drop of 49.4% from the June 15th total of 60,000 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 320,112 shares, the days-to-cover ratio is currently 0.1 days.

AllianceBernstein Global High Income Fund Trading Down 0.3%

NYSE:AWF traded down $0.04 during mid-day trading on Thursday, hitting $10.13. 374,945 shares of the company’s stock traded hands, compared to its average volume of 372,114. The company has a fifty day moving average of $10.19 and a 200 day moving average of $10.36. AllianceBernstein Global High Income Fund has a twelve month low of $9.85 and a twelve month high of $11.43.

AllianceBernstein Global High Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 2nd will be paid a $0.0655 dividend. The ex-dividend date is Thursday, July 2nd. This represents a c) dividend on an annualized basis and a yield of 7.8%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AWF. Royal Bank of Canada increased its position in shares of AllianceBernstein Global High Income Fund by 0.9% in the 1st quarter. Royal Bank of Canada now owns 1,251,424 shares of the closed-end fund’s stock valued at $12,727,000 after acquiring an additional 11,182 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of AllianceBernstein Global High Income Fund by 6,487.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,201,054 shares of the closed-end fund’s stock worth $12,839,000 after purchasing an additional 1,182,821 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of AllianceBernstein Global High Income Fund by 18.8% during the fourth quarter. Invesco Ltd. now owns 1,031,213 shares of the closed-end fund’s stock worth $11,024,000 after purchasing an additional 163,009 shares during the period. Bank of America Corp DE boosted its position in AllianceBernstein Global High Income Fund by 5.8% in the second quarter. Bank of America Corp DE now owns 899,161 shares of the closed-end fund’s stock valued at $9,918,000 after buying an additional 49,624 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in AllianceBernstein Global High Income Fund by 21.6% in the 3rd quarter. Raymond James Financial Inc. now owns 559,050 shares of the closed-end fund’s stock worth $6,267,000 after buying an additional 99,303 shares during the period.

About AllianceBernstein Global High Income Fund

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.