AllianceBernstein Global High Income Fund (NYSE:AWF) Sees Large Drop in Short Interest

Posted by Amanda Harley on Mar 3rd, 2025

AllianceBernstein Global High Income Fund (NYSE:AWF – Get Free Report) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 70,100 shares, a decline of 32.9% from the January 31st total of 104,500 shares. Based on an average trading volume of 238,000 shares, the days-to-cover ratio is currently 0.3 days.

AllianceBernstein Global High Income Fund Stock Performance

NYSE AWF opened at $11.10 on Monday. AllianceBernstein Global High Income Fund has a 52 week low of $9.97 and a 52 week high of $11.36. The business has a 50 day moving average price of $10.83 and a 200-day moving average price of $10.95.

AllianceBernstein Global High Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, March 21st. Investors of record on Thursday, March 6th will be given a dividend of $0.0655 per share. The ex-dividend date is Thursday, March 6th. This represents a $0.79 annualized dividend and a dividend yield of 7.08%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AWF. FSA Wealth Management LLC purchased a new position in shares of AllianceBernstein Global High Income Fund during the third quarter valued at approximately $30,000. Dynamic Advisor Solutions LLC purchased a new position in AllianceBernstein Global High Income Fund in the fourth quarter worth $107,000. Park Avenue Securities LLC purchased a new position in AllianceBernstein Global High Income Fund in the fourth quarter worth $116,000. US Bancorp DE boosted its position in AllianceBernstein Global High Income Fund by 9.9% in the third quarter. US Bancorp DE now owns 11,127 shares of the closed-end fund’s stock worth $126,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Elm3 Financial Group LLC purchased a new position in AllianceBernstein Global High Income Fund in the fourth quarter worth $127,000.

About AllianceBernstein Global High Income Fund

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AllianceBernstein Global High Income Fund is a close-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. It invests in fixed income markets across the globe. The fund primarily invests in lower-rated corporate debt securities and government bonds. It employs a combination of fundamental and quantitative analysis to create its portfolio.