Western Asset Global High Income Fund Inc. (NYSE:EHI) Short Interest Up 46.4% in February

Western Asset Global High Income Fund Inc. (NYSE:EHI) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 57,132 shares, a growth of 46.4% from the January 29th total of 39,025 shares. Based on an average daily volume of 95,153 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 95,153 shares, the days-to-cover ratio is presently 0.6 days.

Western Asset Global High Income Fund Stock Down 0.8%

Shares of EHI stock traded down $0.05 on Tuesday, hitting $6.33. 160,556 shares of the stock were exchanged, compared to its average volume of 112,343. Western Asset Global High Income Fund has a fifty-two week low of $6.11 and a fifty-two week high of $6.80. The business has a 50-day moving average of $6.43 and a 200 day moving average of $6.45.

Western Asset Global High Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a dividend of $0.07 per share. This represents a c) annualized dividend and a yield of 13.3%. The ex-dividend date is Thursday, May 21st.

Hedge Funds Weigh In On Western Asset Global High Income Fund

A number of institutional investors have recently added to or reduced their stakes in EHI. Kestra Advisory Services LLC acquired a new stake in shares of Western Asset Global High Income Fund in the fourth quarter valued at approximately $35,000. Raymond James Financial Inc. bought a new stake in Western Asset Global High Income Fund in the 2nd quarter valued at $53,000. Mosaic Family Wealth Partners LLC acquired a new stake in Western Asset Global High Income Fund during the 3rd quarter valued at $65,000. Wolverine Asset Management LLC bought a new position in Western Asset Global High Income Fund during the third quarter worth $66,000. Finally, SeaCrest Wealth Management LLC bought a new position in shares of Western Asset Global High Income Fund in the fourth quarter valued at about $74,000.

About Western Asset Global High Income Fund

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.