Western Asset Global High Income Fund Inc. (NYSE:EHI) Sees Significant Decline in Short Interest

Western Asset Global High Income Fund Inc. (NYSE:EHI) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 55,800 shares, a drop of 17.0% from the March 15th total of 67,200 shares. Based on an average daily trading volume, of 90,100 shares, the days-to-cover ratio is currently 0.6 days.

Western Asset Global High Income Fund Stock Performance

Shares of NYSE EHI traded down $0.01 during trading on Monday, reaching $6.35. 15,933 shares of the company traded hands, compared to its average volume of 85,858. The firm has a 50 day simple moving average of $6.60 and a 200-day simple moving average of $6.69. Western Asset Global High Income Fund has a 52-week low of $6.11 and a 52-week high of $7.35.

Western Asset Global High Income Fund Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a yield of 12.44%.

Hedge Funds Weigh In On Western Asset Global High Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of EHI. Total Wealth Planning & Management Inc. bought a new position in Western Asset Global High Income Fund in the fourth quarter valued at about $86,000. Ameriprise Financial Inc. boosted its holdings in shares of Western Asset Global High Income Fund by 24.4% in the fourth quarter. Ameriprise Financial Inc. now owns 262,781 shares of the company’s stock worth $1,755,000 after buying an additional 51,617 shares during the last quarter. Quarry LP bought a new stake in Western Asset Global High Income Fund during the fourth quarter valued at approximately $2,254,000. Guggenheim Capital LLC raised its position in Western Asset Global High Income Fund by 21.9% in the fourth quarter. Guggenheim Capital LLC now owns 492,514 shares of the company’s stock worth $3,290,000 after acquiring an additional 88,569 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Western Asset Global High Income Fund by 69.4% during the 4th quarter. Invesco Ltd. now owns 376,542 shares of the company’s stock worth $2,515,000 after acquiring an additional 154,235 shares during the last quarter.

Western Asset Global High Income Fund Company Profile

Western Asset Global High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe.