Short Interest in AllianceBernstein Global High Income Fund (NYSE:AWF) Rises By 52.6%

AllianceBernstein Global High Income Fund (NYSE:AWF) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 107,000 shares, a growth of 52.6% from the February 13th total of 70,100 shares. Based on an average daily volume of 241,800 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

AllianceBernstein Global High Income Fund Stock Performance

Shares of AWF traded up $0.06 during midday trading on Monday, hitting $10.60. 140,837 shares of the company’s stock traded hands, compared to its average volume of 218,728. AllianceBernstein Global High Income Fund has a 1 year low of $9.97 and a 1 year high of $11.36. The firm’s fifty day moving average is $10.86 and its 200-day moving average is $10.93.

AllianceBernstein Global High Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, March 21st. Stockholders of record on Thursday, March 6th will be given a $0.0655 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.79 annualized dividend and a dividend yield of 7.42%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AWF. FSA Wealth Management LLC acquired a new position in AllianceBernstein Global High Income Fund in the 3rd quarter valued at about $30,000. Dynamic Advisor Solutions LLC purchased a new stake in AllianceBernstein Global High Income Fund in the fourth quarter valued at $107,000. Park Avenue Securities LLC acquired a new position in shares of AllianceBernstein Global High Income Fund in the 4th quarter valued at $116,000. US Bancorp DE lifted its stake in shares of AllianceBernstein Global High Income Fund by 9.9% in the 3rd quarter. US Bancorp DE now owns 11,127 shares of the closed-end fund’s stock valued at $126,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Elm3 Financial Group LLC purchased a new position in shares of AllianceBernstein Global High Income Fund during the 4th quarter worth $127,000.

About AllianceBernstein Global High Income Fund

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.