Western Asset Global High Income Fund Inc. (NYSE:EHI) Short Interest Down 37.5% in August

Western Asset Global High Income Fund Inc. (NYSE:EHI) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 8,500 shares, a decline of 37.5% from the August 15th total of 13,600 shares. Based on an average trading volume of 37,200 shares, the days-to-cover ratio is currently 0.2 days.

Shares of EHI traded down $0.13 during mid-day trading on Monday, reaching $10.23. The company’s stock had a trading volume of 61,644 shares, compared to its average volume of 38,002. Western Asset Global High Income Fund has a 52 week low of $9.56 and a 52 week high of $10.88. The company’s fifty day moving average price is $10.40 and its two-hundred day moving average price is $10.40.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 1st. Stockholders of record on Monday, November 22nd will be issued a $0.067 dividend. The ex-dividend date is Friday, November 19th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.86%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Invesco Ltd. increased its stake in shares of Western Asset Global High Income Fund by 21.3% in the second quarter. Invesco Ltd. now owns 365,320 shares of the company’s stock worth $3,909,000 after buying an additional 64,263 shares during the period. Bank of America Corp DE increased its stake in shares of Western Asset Global High Income Fund by 6.2% in the second quarter. Bank of America Corp DE now owns 25,670 shares of the company’s stock worth $275,000 after buying an additional 1,490 shares during the period. LPL Financial LLC increased its stake in shares of Western Asset Global High Income Fund by 1.7% in the second quarter. LPL Financial LLC now owns 248,283 shares of the company’s stock worth $2,657,000 after buying an additional 4,112 shares during the period. Sit Investment Associates Inc. purchased a new position in shares of Western Asset Global High Income Fund in the second quarter worth $166,000. Finally, Commonwealth Equity Services LLC increased its stake in shares of Western Asset Global High Income Fund by 20.2% in the second quarter. Commonwealth Equity Services LLC now owns 70,123 shares of the company’s stock worth $750,000 after buying an additional 11,805 shares during the period.

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.

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