Short Interest in AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Drops By 49.4%

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 30,335 shares, a drop of 49.4% from the June 15th total of 60,000 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 320,112 shares, the short-interest ratio is presently 0.1 days.

AllianceBernstein Global High Income Fund Stock Down 0.1%

Shares of NYSE AWF traded down $0.01 during trading on Wednesday, hitting $10.18. The company had a trading volume of 253,148 shares, compared to its average volume of 371,652. The stock has a fifty day simple moving average of $10.20 and a two-hundred day simple moving average of $10.36. AllianceBernstein Global High Income Fund has a fifty-two week low of $9.85 and a fifty-two week high of $11.43.

AllianceBernstein Global High Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 2nd will be issued a dividend of $0.0655 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its position in shares of AllianceBernstein Global High Income Fund by 6,487.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,201,054 shares of the closed-end fund’s stock valued at $12,839,000 after purchasing an additional 1,182,821 shares in the last quarter. Independent Financial Group LLC purchased a new position in AllianceBernstein Global High Income Fund during the first quarter worth approximately $1,943,000. Invesco Ltd. boosted its stake in AllianceBernstein Global High Income Fund by 18.8% during the fourth quarter. Invesco Ltd. now owns 1,031,213 shares of the closed-end fund’s stock worth $11,024,000 after buying an additional 163,009 shares during the last quarter. Absolute Investment Advisers LLC acquired a new position in AllianceBernstein Global High Income Fund during the first quarter worth $1,460,000. Finally, Wolverine Asset Management LLC purchased a new stake in AllianceBernstein Global High Income Fund in the 4th quarter valued at $1,510,000.

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.