AllianceBernstein Global High Income Fund (NYSE:AWF) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Shares of AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.49 and traded as low as $10.32. AllianceBernstein Global High Income Fund shares last traded at $10.3250, with a volume of 131,262 shares trading hands.

AllianceBernstein Global High Income Fund Stock Performance

The stock has a 50 day moving average price of $10.26 and a 200 day moving average price of $10.49.

AllianceBernstein Global High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 4th will be paid a dividend of $0.0655 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Thursday, June 4th.

Institutional Trading of AllianceBernstein Global High Income Fund

Hedge funds have recently made changes to their positions in the company. Anchor Capital Management Group Inc acquired a new position in shares of AllianceBernstein Global High Income Fund in the first quarter worth approximately $814,000. Readystate Asset Management LP lifted its stake in shares of AllianceBernstein Global High Income Fund by 34.1% in the first quarter. Readystate Asset Management LP now owns 143,474 shares of the closed-end fund’s stock worth $1,459,000 after acquiring an additional 36,501 shares during the period. Rivernorth Capital Management LLC acquired a new position in shares of AllianceBernstein Global High Income Fund in the first quarter worth approximately $885,000. Royal Bank of Canada lifted its stake in shares of AllianceBernstein Global High Income Fund by 0.9% in the first quarter. Royal Bank of Canada now owns 1,251,424 shares of the closed-end fund’s stock worth $12,727,000 after acquiring an additional 11,182 shares during the period. Finally, Independent Financial Group LLC acquired a new position in shares of AllianceBernstein Global High Income Fund in the first quarter worth approximately $1,943,000.

About AllianceBernstein Global High Income Fund

AllianceBernstein Global High Income Fund (NYSE: AWF) is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital growth. The fund is traded on the New York Stock Exchange and offers investors access to a diversified portfolio of global fixed-income securities designed to capitalize on opportunities in the high-yield credit market.

The fund primarily invests in a broad array of debt instruments, including corporate high-yield bonds, sovereign and quasi-sovereign debt, collateralized loan obligations, convertible securities, and other income-oriented instruments.