Western Asset Global High Income Fund (NYSE:EHI) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

Western Asset Global High Income Fund Inc. (NYSE:EHI)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $6.42 and traded as low as $6.40. Western Asset Global High Income Fund shares last traded at $6.4350, with a volume of 32,773 shares traded.

Western Asset Global High Income Fund Stock Down 1.2%

The stock has a 50 day simple moving average of $6.42 and a two-hundred day simple moving average of $6.46.

Institutional Trading of Western Asset Global High Income Fund

Large investors have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new position in Western Asset Global High Income Fund in the fourth quarter valued at $35,000. Raymond James Financial Inc. purchased a new position in shares of Western Asset Global High Income Fund during the second quarter worth about $53,000. Mosaic Family Wealth Partners LLC purchased a new position in shares of Western Asset Global High Income Fund during the third quarter worth about $65,000. Wolverine Asset Management LLC acquired a new position in Western Asset Global High Income Fund in the 3rd quarter valued at about $66,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in Western Asset Global High Income Fund during the 4th quarter valued at approximately $74,000.

Western Asset Global High Income Fund Company Profile

Western Asset Global High Income Fund (NYSE: EHI) is a diversified, closed-end management investment company that seeks to provide high current income by investing primarily in a broad range of high-yield and emerging-market debt securities. The fund’s portfolio typically includes corporate and sovereign bonds, bank loans, convertible securities and other credit instruments denominated in U.S. dollars and foreign currencies. By accessing global credit markets, EHI aims to capture attractive yield opportunities across developed and developing economies.

Launched in the late 2000s, the fund employs both fundamental credit analysis and top-down macroeconomic research to construct a portfolio that balances income generation with risk management.