Short Interest in AllianceBernstein Global High Income Fund (NYSE:AWF) Grows By 374.1%

AllianceBernstein Global High Income Fund (NYSE:AWF) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 93,400 shares, an increase of 374.1% from the September 15th total of 19,700 shares. Based on an average trading volume of 178,300 shares, the days-to-cover ratio is presently 0.5 days.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Citigroup Inc. grew its position in AllianceBernstein Global High Income Fund by 4.7% during the second quarter. Citigroup Inc. now owns 21,714 shares of the closed-end fund’s stock worth $272,000 after buying an additional 983 shares during the period. Avestar Capital LLC lifted its holdings in shares of AllianceBernstein Global High Income Fund by 2.9% in the second quarter. Avestar Capital LLC now owns 38,387 shares of the closed-end fund’s stock valued at $480,000 after purchasing an additional 1,079 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. lifted its holdings in shares of AllianceBernstein Global High Income Fund by 2.0% in the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 67,809 shares of the closed-end fund’s stock valued at $804,000 after purchasing an additional 1,319 shares in the last quarter. Integrated Capital Management Inc. lifted its holdings in shares of AllianceBernstein Global High Income Fund by 11.7% in the second quarter. Integrated Capital Management Inc. now owns 13,232 shares of the closed-end fund’s stock valued at $165,000 after purchasing an additional 1,382 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of AllianceBernstein Global High Income Fund by 2.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 73,686 shares of the closed-end fund’s stock valued at $922,000 after purchasing an additional 1,637 shares in the last quarter. Institutional investors own 20.79% of the company’s stock.

AWF traded up $0.04 on Thursday, hitting $12.26. 820 shares of the company were exchanged, compared to its average volume of 197,247. The business’s fifty day moving average is $12.35 and its 200 day moving average is $12.23. AllianceBernstein Global High Income Fund has a fifty-two week low of $10.20 and a fifty-two week high of $12.58.

The business also recently announced a monthly dividend, which will be paid on Friday, October 15th. Shareholders of record on Friday, October 8th will be given a dividend of $0.0655 per share. The ex-dividend date of this dividend is Thursday, October 7th. This represents a $0.79 annualized dividend and a yield of 6.41%.

AllianceBernstein Global High Income Fund Company Profile

AllianceBernstein Global High Income Fund, Inc operates as a closed-end investment fund. Its objective is to seek high current income and secondarily-capital appreciation. It invests, without limit, in securities denominated in non-U.S. currencies as well as those denominated in the U.S. dollar. The company was founded on May 20, 1993 and is headquartered in New York, NY.

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